There is more than a 40 percent chance that by the end of August at least a tropical storm will pass over the spot where the Deepwater Horizon oil rig operated by British Petroleum once drilled into the Gulf of Mexico floor, a catastrophe risk management firm warned.
In its recent report, "The Macondo, Gulf of Mexico, Oil Spill Insurance Implications" (available at http://bit.ly/9EnQO5), Risk Management Solutions analysts also concluded there is a 15 percent chance that by the end of July, a tropical storm or hurricane will pass within 100 miles of the oil well BP was using before an explosion in April sunk the rig and killed 11 workers. 
There is a 13 percent chance that a hurricane will pass over the oil slick now floating in the Gulf of Mexico, and a 7 percent chance of it being an intense hurricane, defined as Category 3 or above, RMS said.
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