risk management: tip of the week

Hurricane Season Forecast

The 2020 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 July 7th forecast anticipates above-average activity including 20 named storms and 9 hurricanes with 4 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 69 percent, the U.S. East Coast (including the Florida peninsula) as 45 percent, and the Gulf Coast as 44 percent. These numbers represent a significant increase over the season's first forecast on April 2nd.

Dr. Klotzbach 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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Make it a safe day!

Mike Schofield
President & CEO