John Cangialosi, Senior Hurricane Specialist in the National Hurricane Center, inspected on July 1, 2024 in Miami, Florida, a satellite picture by Hurricane Beryl, the first hurricane of the 2024 season, in the National Hurricane Center.
Joe Raedle | Getty Images News | Getty pictures
Government scientists published a forecast for the 2025 hurricane season on Thursday and predicted an opportunity of 60% that this will be an above-average season.
The National Oceanic and Atmospheric Administration (NOAA) predicts that 13 to 19 storms mentioned will bring 39 miles per hour or higher this season. It predicts that six to ten of the forecast storms grow to hurricane status and become three to five important hurricanes.
Laura Grimm, the reigning administrator of the NOAA and a marine scientist, exposed specific questions about how the budget cuts for the climate towns would influence the work of the organization, and emphasized the important work of the agency to help the communities prepare and save lives.
“The weather forecast, the modeling and protection of human life and property have our top priority. So we are fully staffed in the Hurricane Center and are definitely ready to go,” said Grimm in a press conference in Jefferson Parish, Louisiana to remind 20 years since Hurricane Katrina.
Thanks to improvements in science and technology in the past 20 years, Grimm also pointed out that the Hurricane prediction from Noaa was just right last year.
Hurricanes Helene and Milton caused losses of more than 37 billion US dollars in 2024. Aeon.
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Despite these losses, the US insurance industry has experienced the best drawing performance since 2013, according to a report by the Insurance Information Institute and Milliman.
However, the report comes to the conclusion that devastating forest fires in January in California and economic challenges in connection with tariffs could dampen the results of the industry in 2025.
Insurers and reinsurers are confronted with more than 50 billion US dollars of wald fires in Los Angeles.
The middle west also suffered outbreaks of severe thunderstorms with harmful hail, wind and tornados this spring. The Storm Prediction Center had achieved 883 local torn adversity this year, which was 35% higher at this time of year.
Aon said that the severe convective storms were estimated in the first quarter of $ 10 billion in insured losses. A storm over three days in May added another estimated estimate of 7 billion US dollars.
The past 10 years have achieved an average of more than 33 billion US dollars of insured losses, which has been 90% increase compared to the past decade.
According to CEO of Bill Clark, CEO of Demex, a reinsurance analysis group, it is an existential threat to the insurance industry and its ability to ensure affordable insurance. And the problem gets worse, not better.
“The costs for reinsurance (insurance for insurance) for serious stormy storm losses are high with a 20-year-old and in connection with limited availability that insurers are not transferred and most of their increasing losses cannot be transferred,” said Clark in an email to CNBC.
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Whether hurricanes, forest fires or heavy storms. Aon accuses the exploding losses in growing exposure, which means that more people live where the risk of climate is higher and the costs for their houses, cars and all the stuff are more expensive inside.
The insurance industry is working on promoting state and local efforts to improve resilience and improve the reduction efforts.
The President of the municipality of Jefferson County, Cynthia Lee Sheng, pointed out to Louisiana on all efforts in the 20 years since hurricane Katrina and killed 1,392 people in 2005. The government overtook dike, flood walls and pump stations.
“It is estimated that 13 US dollars are saved for every 1 US dollar that was issued for reduction efforts,” said Sheng. “Hurricane Katrina has also changed the face of disaster restoration. The most important agencies have learned to work together to provide support, coordinate the effort and to ensure an efficient reaction.”
– Dawn Giel from CNBC contributed to this report.
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