Insurers are preparing for significant losses from the Atlantic hurricane season due to the record-breaking Hurricane Beryl, which is fueling concerns that warming oceans will result in more destructive storms.
Stephen Catlin, executive chair at insurer Convex and a veteran of the insurance market, reported in the Financial Times, “It’s believed that we are overdue for a severe season. Having an early
The text below contains important information about the intensity of hurricanes and the contributing factors leading to them.
“A hurricane of this magnitude suggests that this might be the case. A variety of factors contribute to the intensity of hurricanes. Climate scientists have highlighted the effects of warming oceans and rising sea levels. The head of the UN’s climate arm said climate change was pushing disasters to record-breaking new levels of destruction. Meteorologists at AccuWeather said the storm could bring significant flooding, coastal inundation, and wind damage to Jamaica after it caused widespread damage in Grenada and St. Vincent and the Grenadines and left several people dead.”
