Home Business Insurers bend for impact on the above average hurricane season forecast

Insurers bend for impact on the above average hurricane season forecast

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Insurers bend for impact on the above average hurricane season forecast


John Cagialosi, the first hurricane of the National Hurricane Center, July 1, 2024, in the first hurricane of the National Hurricane Center in 2024, in Florida, checks the image of a satellite.

Joe Raedle | Getty Images News | Getty pictures

On Thursday, government scientists released the forecast for the Hurricane Season 2025, and forecasted that 60% of the chances will be the average season.

The National Ocean and Atmospheric Administration or NOAA predicts this season, this season will bring this season with 39 miles or higher winds per hour. Six and 10 predicted storms will increase to 10 to the hurricane status, there will be three to five five hurricanes.

Laura Grimm, a NOAA and a sea scientist, stressed the vital work to prepare and save the life of a maritime scientist, a sailing scientist.

“Weather forecasting, modeling and protection of human life and property are our priority. Thus, we have worked fully in the center of the hurricane and are definitely ready to go.”

GRimm was also a spot-to-spot last year since the development of science and technology in the last 20 years.

Hurricanes Helene and Milton, in 2024 caused a loss of more than $ 37 billion in 2024 report from Aon.

Despite these losses, the U.S. Property Conducting Industry has seen the best underwriting performance since 2013 report From the Insurance Information Institute and Milliman.

However, the report concludes that economic problems related to destructive wildfires and tariffs in California can leak the results of industry in 2025.

Insurers and reinsurers are confronted with more than $ 50 billion from Los Angeles.

Midwest suffered violently severe thunderous violence, which is harmful in this spring, wind and tornadoes. The Storm Forecasting Center This year, 883 local tornado report this year, in this process of year, the average is 35% higher.

AON, in the first quarter, said that heavy convective storms caused the insured loss for about $ 10 billion. In May, a storm in three days added $ 7 billion to the tally worth $ 7 billion in the assurds.

Over the past 10 years, more than $ 33 billion, on the grounds of stroke, the 90% increase in the previous decade.

It is an existential threat to the ability to provide affordable insurance for the insurance industry and homeowners, Demex, reinsurance analytical group. The problem is not better, it is better.

“Insurance (insurance for insurance) expenses for severe conventional losses are high and integrated with limited existence, which are not able to leave the insurers’ hamstrung and assembly loss, told CNBC.

Whether hurricanes, wild or severe storms. AON blames the loss of growing exposure, and the meaning of more people is higher and the value of all items in their homes, cars and inside.

The insurance industry tries to increase its efforts to increase state and local efforts to improve its organization and reduction efforts – better construction codes, houses and features, for example, to increase their efforts to increase the protected areas and hard standards.

Jefferson County Parish, Cynthia Lee Sheng, Kathrina Hurricane Mr. Louisiana in 2005 pointed out all the efforts made in 20 years. The government has overhauled flood walls and pumping stations.

“He estimates that $ 13 is kept for a reduction efforts,” he said. “Hurricane Katrina also changed in front of the recovery of disasters. The main agencies learned to work together to provide assistance, effort and respond effectively.”

– CNBC’s Giel talent contributed to this report.



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