'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
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • 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

  • Social Security literacy is crucial for advisors
  • The $25T market opportunity in mid-market and mass-affluent households
  • Advisors must lead the policy risk conversation
  • Gen X more anxious than baby boomers about retirement
  • Taxing trend: How the OBBBA is breaking the standard deduction reliance
More Advisor News

Annuity News

  • CT commissioner: 70% of policyholders covered in PHL liquidation plan
  • ‘I get confused:’ Regulators ponder increasing illustration complexities
  • Three ways the Corebridge/Equitable merger could shake up the annuity market
  • Corebridge, Equitable merge to create potential new annuity sales king
  • LIMRA: Final retail annuity sales total $464.1 billion in 2025
More Annuity News

Health/Employee Benefits News

  • Health plans reduce prior authorization
  • 120,000 Pennsylvanians have dropped ACA health insurance since the loss of federal subsidies
  • Wu floats $4.9 billion budget amid 'challenging' times, soaring health costs and less federal funding
  • New Findings from Highmark Health in the Area of Health and Medicine Reported (Neighborhood opportunities and pediatric health care utilization: implications for Medicaid managed care): Health and Medicine
  • New Insurance Study Findings Reported from University of Nevada (The Cost of Health Insurance and Entry Into Entrepreneurship): Insurance
More Health/Employee Benefits News

Life Insurance News

  • Greg Lindberg ordered to pay $1.6 billion to insurers he defrauded
  • New Research Highlights Critical Gaps in Medicare Planning and Opportunities for Financial Professionals
  • Virginia insurance regulators order rate cuts for several Aflac policies
  • INDUSTRY LEADERS, STAKEHOLDERS WELCOME NEW CHIEF ADVOCACY OFFICER
  • Stephanie Lundquist, Bryan Jordan join Securian Financial Board of Directors
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

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

An FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Press Releases

  • RFP #T01525
  • RFP #T01725
  • Insurate expands workers’ comp into: CA, FL, LA, NC, NJ, PA, VA
  • LifeSecure Insurance Company Announces Retirement of Brian Vestergaard, Additions to Executive Leadership
  • RFP #T02226
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
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • 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