El Niño May Reduce Hurricane Count But Not Risk for Insurance and Energy Markets
By
Brian K Sullivan, Lauren Rosenthal, Joe Wertz
1mo ago· 1 min readenNews
Summary
As hurricane season begins, forecasters predict El Niño will reduce the number of storms this year. However, the article warns that fewer hurricanes doesn't mean less risk for markets like insurance, energy, and orange juice, as even a single landfall can cause significant damage.
Source
bskyEl Niño May Reduce Hurricane Count But Not Risk for Insurance and Energy Marketsbloomberg.comKey quotes
· 2 pulledAs hurricane season gets underway, forecasters expect an El Niño to crimp the number of storms this year.
But markets from insurance to energy to orange juice shouldn't mistake fewer hurricanes for less risk.
El Niño may limit the number of hurricanes this season, but one landfall can still hit insurers, energy, orange juice and power grids.
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