Hurricane risk

Risk & Insurance, August, 2005

Insurers may face a one in three chance of large hurricane catastrophe-losses in the United States during this hurricane season, a modeling vendor says. The firm based its analysis on past seasons' catastrophe-losses and the most recent 2005 forecasts from the National Hurricane Center, which predicted seven to nine hurricanes in the Atlantic basin.

Since 1950, 12 other seasons played out similar to the one forecasted for 2005.