As the property-casualty industry anxiously awaits the opening of the hurricane season in three days, many are keeping their fingers crossed–with some scientific backing–that it will not be a repeat of last year.
Last week, the National Oceanic & Atmospheric Administration officially predicted an active Atlantic hurricane season with 13 to 16 named storms. But less than half–four to six–will turn into major hurricanes.
NOAA noted that last year's hurricane season, a record breaker in terms of insurance losses at $56.8 billion, produced 28 named storms, 15 of which were hurricanes with seven classified as major.
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