Weathering the storm
18 July 2012
For the finance and insurance markets, knowing what's in store over the next 12 months is critical. The Met Office and Lloyd's, the world's specialist insurance market, have teamed up to promote the latest scientific research on North Atlantic hurricanes.
Landfalling hurricanes in the US are the costliest of all natural hazards, with the total bill for Hurricanes Katrina, Wilma and Rita in 2005 reaching an estimated $90 billion.
Created specifically for the finance and insurance markets, the report, Hurricanes and Long-term Climate Variability, examines the latest research papers from several leading organisations. The study explores how atmospheric climate and oceanic conditions influence the formation of powerful storms and what drives them to make landfall.
This industry leading study provides critical information to professionals who manage hurricane risk, enabling them to make more confident decisions. This adds to the range of products we provide for the finance and insurance markets including a forecast of the total number of tropical storms which is published each May on our website.
- The report is available at www.lloyds.com/hurricane