6 April 2018Insurance

Seven hurricanes expected in 2018 season

The 2018 Atlantic hurricane season (June 1 to Nov. 30) is expected to result in 14 named storms, causing a “slightly above-average” hurricane season, according to Colorado State University researchers.

Of the 14 storms, seven are expected to become hurricanes and three to reach major hurricane strength (Saffir/Simpson category 3-4-5) with sustained winds of 111 miles per hour or greater, according to the estimates.

The team predicts that 2018 hurricane activity will be about 135 percent of the average season. By comparison, 2017’s hurricane activity was about 245 percent of the average season. The 2017 season was most notable for hurricanes Harvey, Irma and Maria, which devastated the US and portions of the Caribbean.

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29 January 2018   Record losses from the 2017 hurricane season have failed to trigger the rate increases the industry had hoped, with many experts and reports based on analysis of the recent renewals now suggesting that low rates may be here to stay.