Take weather predictions with a grain of salt, but if meteorological experts are correct, this year's Atlantic hurricane season could be costly for insurers, especially along the Atlantic Coast.
Since late 2007, Guy Carpenter has collaborated with WSI Corporation, a provider of weather-driven business solutions, to provide pre-season hurricane landfall forecast rates for different regions in the U.S. Its report, "GC ForeCat," is published monthly up until the start of the hurricane season, which begins on June 1, 2010.
GC ForeCat's approach is a bit different from other estimates in that the forecast estimates rate the risk of tropical storm landfall according to region rather than just focusing on overall activity. The four regions include the Gulf, Florida, Southeast, and Northeast.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
