Hurricane Season Closing

The 2007 Atlantic hurricane season ends Friday and while we may afford ourselves a brief sigh of relief, the season synopsis from the forecasters will remind us otherwise. For example, catastrophe modeling company RMS has just estimated its hurricane activity rates for the next five years. RMS says it expects U.S. hurricane landfall risk to remain significantly above the long-term average. It estimates average annual insured losses will be 40 percent higher than those predicted by the long-term mean of hurricane activity for the Gulf Coast, Florida, and the Southeast, and 25 percent to 30 percent higher for the Mid-Atlantic and Northeast coastal regions. RMS’ forecast also underscores the important point that the 2007 season featured 14 named storms, close to the annual average of 14.7 since 1995. According to RMS,  it is the first season ever recorded in which 40 percent of hurricanes reached category 5 status, and the only one in which two maximum strength storms struck land. Of course, the U.S. coast was spared the potential devastation of hurricanes Dean and Felix, but on a different track these storms had the potential to cause catastrophic damage to the U.S. Check out I.I.I. hurricane-related facts & stats.  

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