Posts Tagged ‘2010 Atlantic Storm Season’

It’s Not Over Yet

Wednesday, October 6th, 2010

As the North Atlantic hurricane season ends November 30, we have two months remaining before we can breathe a sigh of relief. However, these are the peak months of the storm season. Remember that it was in the month of October (2005) that Hurricane Wilma, a Category 5 storm, struck Florida and is now remembered as one of the five worst Atlantic hurricanes in terms of damage expense. A recent study  by Colorado State University forecasts above-average Atlantic storm activity over the next week. Another modeling agency, Risk Management Solutions, expects one or two more named storms to develop before the 2010 season ends. What is particularly worrisome about the 2010 hurricane season is that it coincides with high unemployment, record deficits at both the state and federal levels and persistent economic weakness. According to the Institute of Business & Home Safety, 25% of small businesses fail to re-open following a major disaster. Factor into that gloomy statistic the lack of funds to finance a disaster relief effort and you appreciate our luck so far this season.