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April 14, 2021 8:03 AM Jason Metz - Forbes Advisor
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Updated:
April 14, 2021 5:52 PM
The Colorado State University (CSU) Tropical Meteorology Project Team is predicting an “above average” Atlantic hurricane season this year, with 17 named storms. This includes eight hurricanes, four of which are predicted to become major hurricanes.
The CSU team bases its forecasts on models that use 40 years of historical hurricane data and evaluates conditions including:
Sea surface temperatures
Sea level pressures
El Niño
Other factors
The CSU team cites the likely absence of El Niño as the primary factor for an above-average season. El Niño is a climate pattern in the Pacific Ocean that breaks normal conditions. Hurricane frequency declines in El Niño years due to increased wind shear over the Caribbean and Atlantic, which can tear apart hurricanes as they begin to form.
NAIC Data: Florida Property Lawsuits Total 76% of Insurer Litigation in U.S.
New information from Florida’s insurance regulator paints a stark picture of the extent of litigation facing the state’s domestic insurers. The information comes as numerous stakeholders push for legislative reforms to address the litigation issue they blame for fueling the current insurance market crisis.
According to National Association of Insurance Commissioners (NAIC) data mined by the Florida Office of Insurance Regulation, while Florida homeowners insurance claims accounted for just over 8% of all homeowners claims opened by U.S. insurers in 2019, homeowners insurance lawsuits in Florida accounted for more than 76% of all litigation against insurers nationwide.
2021 Hurricane Season Looks Above Average So Far kxly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kxly.com Daily Mail and Mail on Sunday newspapers.
Industry Experts Release Whitepaper On The Realities, Opportunities, And Risks Associated With Diminished Decision-Making Capacity
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Whealthcare Planning announces the release of a whitepaper on diminished capacity that summarizes the current demographic realities, the nature of the risks to financial services firms, the regulatory environment, and the opportunities for firms seeking to better protect their clients - and themselves.
Cognitive Overload
25% or more of a typical wealth management firm’s assets under management are at risk – directly as a result of diminished capacity. BELMONT, Mass. (PRWEB) April 13, 2021 Three financial services and technology experts – all with extensive professional and personal experience devising strategies to protect families and improve financial decision-making – have released a whitepaper that provides a framework for more effective client engagement,
Life Regulators Back Away From New Illustration Fight thinkadvisor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thinkadvisor.com Daily Mail and Mail on Sunday newspapers.