risk management: tip of the week

Hurricane Season Forecast

The 2019 Atlantic hurricane season began on June 1st, and the latest forecast was issued this week by Colorado State University research scientist Dr. Philip Klotzbach. The June 4th forecast anticipates average activity including thirteen named storms and five hurricanes with two classified as major hurricanes (Category 3-5). In addition, the forecast estimates the probability of a major hurricane landfall on the entire U.S. coastline as 54 percent, the U.S. East Coast (including the Florida peninsula) as 32 percent, and the Gulf Coast as 31 percent.

Dr. Klotzbach also reminds property owners that "it only takes one hurricane making landfall to make it an active season for them." Self-storage business owners in coastal areas are encouraged to act now to prepare for severe weather.

Next week, we'll discuss the importance of emergency planning and review information to include in the plan for your self-storage operation.

Review and download Colorado State University's Tropical Meteorology Project forecasts for the most up-to-date Atlantic hurricane season information.

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Sincerely,

Mike Schofield

Mike Schofield
President & CEO

MINICO INSURANCE AGENCY, LLC
Member ARAN Insurance Services Group

10851 N. Black Canyon Highway, Suite 200, Phoenix, AZ 85029