The National Oceanic and Atmospheric Administration (NOAA) has released its forecast for the 2023 Atlantic hurricane season, which runs from June 1st through November 30th. NOAA predicts an average hurricane season this year, with a range of 12 to 17 total named storms, five to nine potential hurricanes, and one to four that develop into major hurricanes.
NOAA’s report predicts more potential major hurricanes than Colorado State University (CSU), which released an earlier Hurricane Season Outlook that forecasted “slightly below average” activity due to probable El Niño conditions. However, NOAA foresees competing variables that both suppress and fuel storm development – driving this year’s overall forecast for a near-normal season.
“As we saw with Hurricane Ian, it only takes one hurricane to cause widespread devastation and upend lives,” said said Deanne Criswell, FEMA Administrator. “So regardless of the number of storms predicted this season, it is critical that everyone understand their risk and heed the warnings of state and local officials. Whether you live on the coast or further inland, hurricanes can cause serious impacts to everybody in their path. Visit ready.gov or listo.gov for readiness resources, and get real time emergency alerts by downloading the FEMA App. Actions taken today can save your life when disaster strikes. The time to prepare is now.”
Furthermore, agents and brokers should also be encouraging their clients to purchase flood insurance to protect their most valuable assets and to help them recover more quickly should they experience a flood. Private flood solutions offer higher limits, broader coverages and more stable and competitive rates than what is available from the National Flood Insurance Program (NFIP). With over 25 years of industry-leading expertise, Tokio Marine Highland provides a wide range of innovative private flood solutions to ensure the right coverage for your insureds this hurricane season.
To learn more about Tokio Marine Highland’s comprehensive flood offerings or to have us quote your potential target risks, visit our website or contact us at PrivateFloodSolution@tmhighland.com.