Analysis-Why El Niño’s promise of a quieter hurricane season may not guarantee good news for insurers
By Niket Nishant, Ashitha Shivaprasad and Manya Saini July 27 (Reuters) - For insurers, the periodic El Niño climate phenomenon has traditionally lowered the risk of costly Atlantic hurricanes, but decades of population growth along coastal areas and rising property values are forcing them to rethink that assumption. Marked by warmer-than-average sea surface temperatures in parts of the Pacific Ocean, El Niño typically suppresses Atlantic hurricanes by creating atmospheric conditions that make it harder for storms to form.
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By Niket Nishant, Ashitha Shivaprasad and Manya Saini July 27 (Reuters) - For insurers, the periodic El Niño climate phenomenon has traditionally lowered the risk of costly Atlantic hurricanes, but decades of population growth along coastal areas and rising property values are forcing them to rethink that assumption. Marked by warmer-than-average sea surface temperatures in parts of the Pacific Ocean, El Niño typically suppresses Atlantic hurricanes by creating atmospheric conditions that make it harder for storms to form. government scientists said El Niño arrived in June, which was also the start of the Atlantic hurricane season. They expect a below-average season in 2026 of eight to 14 named storms and one to three major hurricanes.
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- By Niket Nishant, Ashitha Shivaprasad and Manya Saini July 27 (Reuters) - For insurers, the periodic El Niño climate phenomenon has traditionally lowered the risk of costly Atlantic hurricanes, but decades of population growth along coastal areas and rising property values are forcing them to rethink that assumption. Marked by warmer-than-average sea surface temperatures in parts of the Pacific Ocean, El Niño typically suppresses Atlantic hurricanes by creating atmospheric conditions that make it harder for storms to form.
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Analysis-Why El Niño’s promise of a quieter hurricane season may not guarantee good news for insurers
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