MIAMI—Hurricane season is right around the corner and forecasters are predicting the most active and dangerous spell in three years. The next three years of the 2015 Atlantic Basin, in fact, will be the most dangerous in 10 years, according to Global Weather Oscillations (GWO), a hurricane cycle prediction company.

While hostile upper atmospheric winds that suppressed tropical activity the past two hurricane seasons—2013 and 2014—GWO predicts the next few years will enter a natural “Climate Pulse Enhancement Cycle” that will be favorable for more active and intense hurricane seasons. What does that mean for commercial real estate owners?

GlobeSt.com caught up with Evan Seacat, senior director at Franklin Street Insurance Services in South Florida, to get some answers. In part one of this exclusive interview we asked him how policy owners tend to put themselves at risk and how building owners can take a hit during a storm.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.