Are you ready?
This prediction for the 2024 Atlantic hurricane was issued by the National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center (CPC) on May 23
NOAA National Weather Service forecasters at the Climate Prediction Center predict above-normal hurricane activity in the Atlantic basin this year. NOAA’s outlook for the 2024 Atlantic hurricane season, which spans from June 1 to Nov. 30, predicts an 85% chance of an above-normal season, a 10% chance of a near-normal season and a 5% chance of a below-normal season.
NOAA is forecasting a range of 17 to 25 total named storms (winds of 39 mph or higher). Of those, 8 to 13 are forecast to become hurricanes (winds of 74 mph or higher), including 4 to 7 major hurricanes (category 3, 4 or 5; with winds of 111 mph or higher). Forecasters have a 70% confidence in these ranges. READ MORE…
Coastal property owners yet to embrace roof-girding grants
Even with those selling points, the North Carolina Insurance Underwriting Association, or NCIUA, which runs the Beach Plan, has yet to reach the number of property owners who could benefit from the Strengthen Your Roof grant program it offers to its policyholders.
“The question was, how do we incentivize consumers so that they desire a new roof as much as they desire a beautiful countertop?” Gina Hardy, general manager and chief executive officer of N.C. Insurance Underwriting Association and N.C. Joint Underwriting Association, said in an interview. “We had given credits to policyholders who installed fortified roofs, but in 2016, we started running pilot programs to motivate them to engage in mitigation,” Hardy said. To be clear, that motivation is money in the form of a grant. To fund the grant program, Hardy said the insurance provider made a business case that the grants would help homeowners build more wind-resistant roofs, which would result in savings on future claims and reinsurance costs.
Read more at Coastal Review, coastalreview.org.
