After three years of below-normal hurricane activity — and 10 years without a major hurricane (Category 3 or higher) making U.S. landfall — the National Oceanic and Atmospheric Administration is predicting a “near normal” hurricane season in 2016.
Of course, there were two named storms before the official June 1 start to the season: Alex, which formed over the far eastern Atlantic in January; and Bonnie, a tropical storm that brought heavy rain to parts of South Carolina in late May.
With the season apparently off to an early start, and a prediction for more activity in 2016 than in recent past years, is the insurance industry prepared if a major hurricane strikes the United States, or has it grown complacent after enjoying 10 years without a major U.S. hurricane and three years without a significant tropical cyclone (Sandy in 2012)?
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