Experts predicted that the 2024 Atlantic hurricane season would be an active one and, thus far, they've been correct. In July, Hurricane Beryl emerged as the earliest Category 5 hurricane on record. Preliminary estimates show Beryl may have caused between $28 billion and $32 billion in damage and economic loss in the United States. Hurricane Debby followed in August, first making landfall in Florida as a hurricane before making landfall in South Carolina as a tropical storm. Accuweather estimates that total damages and economic loss in the U.S. from Debby could be around $28 billion, with a large portion of those damages caused by flooding and storm surge. In total, the NOAA predicts this year's hurricane season will produce between 17 and 25 named storms, 8 to 13 hurricanes, and 4 to 7 major hurricanes (Category 3 and above). This above-normal forecast can be attributed to high ocean temperatures in the Atlantic, the onset of La Nina in the Pacific, diminished trade winds and lower windshear, which are all ingredients for an active hurricane season. In the slideshow above, we'll look at seven insights about this year's hurricane season from CoreLogic's latest Hurricane Risk Report.
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