From an insurance perspective, it is likely that any coastal damage that is exacerbated by the discharge of oil will further complicate the coverage issues that arise.
With a four-year reprieve from hurricanes, the Florida insurance industry enters the 2010 hurricane season with its claims paying mechanisms in a much-improved condition from the past few years.
NOAA, the nation's weather service, predicts an above average season, with an increasing likelihood of a major storm reaching the shores of the United States.
With hurricane season set to begin June 1, the nation's weather service predicted an above average season, with an increasing likelihood of a major storm reaching the shores of the U.S.
Given the number natural and man-made catastrophes already omnipresent in today's news, it hardly seems fair to point out that tropical storm season is here, and by most predictions, will be a season to remember.
Geostationary operational environmental satellites enable NOAA forecasters to track life-threatening weather -- such as hurricanes, floods, and tornadoes.
Catastrophe modeling firms' hurricane damage predictions overestimated insured losses for a second year, according to a catastrophe prediction consulting firm.