(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.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
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.