Catastrophes in 2010 combined to be a costly year for insurers. And, unfortunately, forecasts predict that insurers will not get much of a reprieve in 2011.
The Department of Atmospheric Science at Colorado State University released a report on extended range forecast of Atlantic seasonal hurricane activity and landfall strike probability for 2011. The researchers foresee well above-average activity for the 2011 Atlantic hurricane season, and anticipate an above-average probability of United States and Caribbean major hurricane landfall.
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