Chicago — Risk managers and insurance companies should consistently employ robust enterprise risk management strategies and business continuity programs, but it is particularly important as the start of the 2008 Atlantic hurricane season approaches, according to Chicago-based Aon Corp. Aon’s statement is seen largely in response to leading forecasters’ expectations for 2008 to be an active one for hurricane and tropical storm formation.
The National Oceanic and Atmospheric Administration's May 22 updated forecast calls for 12 to 16 named storms between June 1 and Nov. 30. Other major forecasting organizations also believe conditions are ripe for an active storm season.
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