National Oceanic and Atmospheric Administration Predicts Above-Average Hurricane Season in 2021

It is officially the beginning of hurricane season and the National Oceanic and Atmospheric Administration (NOAA) predicts an above-average number of named storms in 2021.

As stated on the NOAA’s website, forecasters predict a 60% chance of an above-average season, a 30% chance of an average season, while predicting only a 10% chance of a below-average season. An average hurricane season produces 14 named storms, 7 of which being hurricanes, and only 3 that are considered ‘major’ hurricanes.

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At the Brink of Hurricane Season, Florida Insurance Companies Expect to Cancel over 50,000 Policies

Less than a week from the start of hurricane season, an estimated 53,205 homeowners insurance policyholders in Florida will have their policies cancelled or nonrenewed after approval by the Florida Office of Financial Regulation.

The Florida regulator approved Office of Insurance Regulation consent orders for three Florida-based insurance companies: Universal Insurance Co. of North America (UICNA), Southern Fidelity Insurance Co., and Gulfstream Property and Casualty.

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