Get ready: 'Above-average' hurricane season is forecast

The 2018 Hurricane Season Could Be As Eventful As 2017, According To Forecasters

A typical season sees 12 named storms, 6.5 hurricanes and two majors.

The forecast calls for 14 named storms, seven hurricanes, and three major hurricanes among those seven.

"Hurricanes have definitely gotten people's attention after what happened previous year", Phil Klotzbach, a CSU research scientist, said in an interview Thursday. "That's one of the big questions that we have going forward is what El NiƱo is going to do".

This year's hurricane season is shaping to be another big one with a greater than 60% chance of a major hurricane hitting the USA coastline, according to a new forecast from top meteorologists.

"Spring is very volatile", Klotzbach said.

"As you get closer to the peak of the season, your skill improves", he said.

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An El Nino weather pattern tends to increase upper-level westerly winds across the Caribbean into the tropical Atlantic, tearing apart hurricanes as they try to form, the research report said.

That could mean another bruising year for the Atlantic Basin.

A combination of fewer tropical storms and a lessening reliance on GOM oil and natural gas production, thanks to the growth in production from inland unconventional plays, has kept hurricane-related damage to the nation's energy infrastructure and markets to a minimum in recent years. The U.S. Climate Prediction Center will issue its outlook for 2018 in late May, according to Dennis Feltgen, spokesman for the National Oceanic and Atmospheric Administration.

On September 20, Hurricane Maria cut power for virtually all 3.4 million Puerto Rico residents, and tens of thousands remained without power in mid-March. It's considered among worst natural disasters to hit the islands.

After the major hurricane impacts of 2017 a slightly average season will be welcomed by many, however for insurance, reinsurance and insurance-linked securities (ILS) interests it's vital to remember that a single major storm landfall can create significant losses for the industry.

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