(Bloomberg) – Forecasters again lowered the odds of El Nino forming by year's end, a scenario that may mean more Atlantic hurricanes at a time when federal agencies charged with predicting and responding to natural disasters lack top administrators.

The updated forecast, which is more reliable than earlier versions, sees a 36% chance El Nino will emerge between October and December, the U.S. Climate Prediction Center said Thursday. That's down from 46% last month and 53% in March.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Catastrophe & Restoration
Commercial Lines
Personal Lines
Reinsurance
Weather Risk