'Ingredients are there' for busy storm season - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
May 23, 2024 Newswires
Share
Share
Post
Email

'Ingredients are there' for busy storm season

Santa Rosa Press Gazette (FL)

Tallahassee - With insurers, utilities and emergency-management officials bracing for the coming months, experts continue to predict a highly active hurricane season for Florida and other areas of the Atlantic and Gulf coasts.

By Jim Turner

Echoing earlier predictions about the season that will start June 1, the National Oceanic and Atmospheric Administration on Thursday pointed to warm ocean waters and forecast up to 25 named storms, with up to 13 reaching hurricane strength and four to seven packing Category 3 or stronger winds.

Mark Wool, warning coordination meteorologist at the National Weather Service's Tallahassee office, said there is high confidence in the latest forecast, which doesn't predict paths of storms or potential landfalls.

"All of the ingredients are there. We still have those near-record warm waters out in the Atlantic tropical-development areas that were there last year, and we no longer have (the climate pattern known as) El Nino," Wool said. "We actually like to have an El Nino during hurricane season, because it increases wind shear over the development areas."

Officials also have growing concern that rapid intensification of storms is becoming more frequent, resulting in less time for preparations and evacuations.

"While climate change as science doesn't necessarily indicate we're going to be getting more tropical cyclones on average, we are predicting that there will be more of the major hurricanes and more of a category 4s and 5s," Wool added. "And that this rapid intensification, which has been on the increase, will happen more frequently."

The six-month season officially begins June 1, but a disturbance Thursday off the eastern tip of Cuba had a low chance to grow into the year's first named system.

Acknowledging the possibility of "a very, very intense hurricane season," state Division of Emergency Management Director Kevin Guthrie said last month that "one thing that we do better than anything else is respond to hurricanes."

Guthrie said the division is prepared for up to five storms hitting the state and expects to rely "more heavily" than in past years on contractors providing pre- and post-storm materials.

"For example, we used to have five logistics vendors, we now have 12 logistics vendors," Guthrie said. "That's all in preparation for this season that's coming up."

Florida State University Climatologist David Zierden said the forecasts of a busy season haven't been a surprise because of the ocean temperatures.

"The latest analysis I saw is that sea surface temperatures in the main development region are as warm as they normally are in mid-August right now," Zierden told reporters on May 16. "That's what we're looking at. The sea surface temperatures in that region were record warm last year. And we're even above that going into this hurricane season."

The NOAA forecast Thursday was similar to a Colorado State University Department of Atmospheric Science forecast of 23 named storms and 11 hurricanes.

Experts at the University of Pennsylvania's School of Arts & Sciences, meanwhile, forecast an eye-opening 33 named storms.

The private meteorology company AccuWeather warned Wednesday about rapidly intensifying storms, which gain wind intensity of at least 35 mph in 24 hours or less.

"Over the last couple of years, there have been many examples where this has been exceeded. We've seen 40 mph, 50 mph, even 60 mph increases in a 24-hour period," AccuWeather Lead Hurricane Forecaster Alex DaSilva said in a prepared statement.

Among the examples was 2022's Hurricane Ian, which went from a 120-mph Category 3 hurricane to a 160-mph Category 5 system in the 24 hours before it struck Southwest Florida as a devastating Category 4 storm.

The 2023 season was the fourth most-active on record with 20 named storms, including seven that reached hurricane strength and three major storms. In late August, Hurricane Idalia made landfall in Taylor County as a Category 3 storm before tearing through parts of rural North Florida.

From 1991 to 2020 the Atlantic averaged 14.4 storms a year, with an average of 7.2 reaching hurricane strength.

Armando Pimentel, president and CEO of Florida Power & Light, told members of the state Public Service Commission on Tuesday that the utility has to prepare for storms that could quickly intensify because "we no longer feel comfortable that a Category 1 is going to stay Category 1."

"That wasn't the case 20 years ago," Pimentel said. "And maybe it's a bunch of flukes that have happened over the last couple of years. But we need to be well prepared."

Pimentel said maximum sustained winds of Hurricane Idalia increased by 55 mph in 24 hours before landfall.

"That's taking a Category 1 storm to Category 3, almost to a Category 4. That's significant," Pimentel said. "That what I'm talking about. The waters are warm again this year. We're all cognizant of that as we're going to prepare for this year."

Patricia Born, a professor of risk management and insurance at Florida State University, told reporters May 16 that changes have helped the property-insurance market, such as legislation that bolstered insurers and backing from reinsurers. Entering hurricane season, Born said Floridians can get coverage from private insurers or through the state's Citizens Property Insurance Corp.

"So, it's a good thing to know, from a social point of view, that we don't have a huge gap with people being uninsured going into the season," Born said.

But Born cautioned that the state continues to face storms that affect homeowners' premiums. The problem, Born added, is getting through a period before legislation fully takes hold.

"I'm pretty optimistic that one storm is not going to kill us. A couple of storms may be a little bit more of an issue," Born said. "If this is a season where we have two or three hurricanes, we're going to be facing some concerns."

Older

Florida residents told to prepare for ‘very intense’ hurricane season

Newer

Spain Health Insurance Third Party Administrator Market to Hit $9,512.56 Million by 2032 | Forecasted CAGR of 14.4%

Advisor News

  • Finseca and IAQFP announce merger
  • More than half of recent retirees regret how they saved
  • Tech group seeks additional context addressing AI risks in CSF 2.0 draft profile connecting frameworks
  • How to discuss higher deductibles without losing client trust
  • Take advantage of the exploding $800B IRA rollover market
More Advisor News

Annuity News

  • Somerset Re Appoints New Chief Financial Officer and Chief Legal Officer as Firm Builds on Record-Setting Year
  • Indexing the industry for IULs and annuities
  • United Heritage Life Insurance Company goes live on Equisoft’s cloud-based policy administration system
  • Court fines Cutter Financial $100,000, requires client notice of guilty verdict
  • KBRA Releases Research – Private Credit: From Acquisitions to Partnerships—Asset Managers’ Growing Role With Life/Annuity Insurers
More Annuity News

Health/Employee Benefits News

  • Health care inflation continues to eat away at retirement budgets
  • Pharmacy benefit manager (PBM) reform included in government funding package
  • Health insurance CEOs say they lose money in Obamacare marketplace despite subsidies
  • Blood test for colorectal cancer screening now available for military in La.
  • Restoring a Health Care System that Puts Patients First
More Health/Employee Benefits News

Life Insurance News

  • U-Haul Holding Company Reports Third Quarter Fiscal 2026 Financial Results
  • MetLife Announces Full Year and 4Q 2025 Results
  • Somerset Re Appoints New Chief Financial Officer and Chief Legal Officer as Firm Builds on Record-Setting Year
  • Indexing the industry for IULs and annuities
  • AI in life and health: Poised for a 2026 breakthrough?
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

LIMRA’s Distribution and Marketing Conference
Attend the premier event for industry sales and marketing professionals

Get up to 1,000 turning 65 leads
Access your leads, plus engagement results most agents don’t see.

What if Your FIA Cap Didn’t Reset?
CapLock™ removes annual cap resets for clearer planning and fewer surprises.

Press Releases

  • Prosperity Life Group appoints industry veteran Rona Guymon as President, Retail Life and Annuity
  • Financial Independence Group Marks 50 Years of Growth, Innovation, and Advisor Support
  • Buckner Insurance Names Greg Taylor President of Idaho
  • ePIC Services Company and WebPrez Announce Exclusive Strategic Relationship; Carter Wilcoxson Appointed President of WebPrez
  • Agent Review Announces Major AI & AIO Platform Enhancements for Consumer Trust and Agent Discovery
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet