Tropical Storm – For Now

Gustav is a Tropical Storm once more, but the National Hurricane Center (NHC) is forecasting a slow strengthening that could see Gustav regain hurricane strength tomorrow. By early Sunday, Gustav is expected to be in the Gulf of Mexico and headed towards the U.S. coastline. In an ominous sign with this week marking the third anniversary of Hurricane Katrina, Gustav’s current forecast track through the Gulf looks somewhat similar. London-based consortium Tropical Storm Risk is forecasting that on this track Gustav may reach Category 3 – major hurricane status (winds of 111-130 mph) –  from Saturday. Keep in mind that Hurricane Katrina was a Category 3 storm when it struck the U.S. Gulf Coast in 2005. As we know, Katrina was the single largest natural disaster loss in the history of the insurance industry. Check out I.I.I. info on insuring against hurricanes.  

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