A study of weather changes has found evidence that more frequent storms are part of an ongoing cycle of worldwide weather patterns.
Impact Forecasting, a wholly owned subsidiary of Chicago-based insurance broker Aon, released the findings after researching possible reasons for recent increased hurricane activity.
“It is clear that the increased frequency and severity of hurricanes consumes more economic capital than previously considered prudent,” said Bryon Ehrhart, chief executive officer of Aon Re Services, in a statement.
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