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by : Alpha Insurance Analysts

With the start of the 2008 Atlantic hurricane season on 1st June, Tropical Storm Risk (TSR), a consortium of experts on insurance, risk management and seasonal climate forecasting led by the Benfield UCL Hazard Research Centre at University College London, announced its pre-season outlook for the 2008 hurricane season.

TSR predicts Atlantic basin and U.S. landfalling hurricane activity in 2008 will be slightly (20%) above the long-term (1950-2007) norm. This compares to a 35% above-norm prediction issued on the 7th April 2008. The lowering of the forecast is due to the unexpected rapid waning of La Nina conditions now occurring in the tropical Pacific. However, uncertainties remain and La Nina and other key climate factors will be closely monitored.

Their full press release can be read by clicking on the link below.