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Subject: 2006 Hurricane Predictions
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Tom WhiteUser is Offline
Adjuster
Member
Posts:3


10/23/2006 1:36 AM  

I am not familiar with how to bring in archived posts, but I think there was a contest on where and when the first Atlantic Hurricane will make landfall.

If I remember correctly, I predicted a non-event Hurricane season.  Wow...I think I won.

Please don't take this the wrong way, I know some are probably really needing the work.  I know, I have been there too.  Making it through this type of year is an important necessity as an IA.  Good luck.

Mike KunzeUser is Offline

Nebr
Member
Posts:319


10/23/2006 4:24 AM  

Tom:

You should probably change your last name to Jones...you and your jinx are being hunted down by the masses and there is no prize waiting for you! 

Tom WhiteUser is Offline
Adjuster
Member
Posts:3


10/23/2006 9:03 AM  

Ha Ha Mike,  You've been around long enough to know the norm.  Some of the new inductees from the 4 in 04 are probably saying, "What a strange hurricane season".

I like the statement on your profile, "Proficient with gas grills, but prefer charcoal."

..........Now that is funny.

Irving SewellUser is Offline

Member
Posts:11


10/23/2006 10:41 AM  
I believe the only thing strange about the hurricane season is suddenly we think we have the ability to make predictions.
Tom WhiteUser is Offline
Adjuster
Member
Posts:3


10/23/2006 2:27 PM  

I am thankful this year, my prediction (Guess) was accurate.

Disclaimer:

Predictions for future years subject to change without notice and are determined by my own personal situation.  However, I predict there will be at least one more hurricane some time in the next 20 years that hits somewhere on the coast of the United States.  Please also take note that it is not my intention or desire that any persons, entities or property be damaged or harmed by any man made act or act of nature, of which, causes me to be employed or hired contractually to assist in the insurance process.

Jud GardnerUser is Offline

Daphne, AL
Member
Posts:128


10/24/2006 10:20 AM  
From what I recall, the preseason forecasts for 2006 made by Dr. Gray's group was worse than the preseason forecasts made for the 2005 hurricane season.

I'm willing to bet that Dr. Gray's 2006 forecast was the worst (in both amount of storms and in size of error) one that's ever been made.
Gale HawkinsUser is Offline
PowerClaim.com

Member
Posts:327


11/18/2006 1:45 AM  

http://abcnews.go.com/US/wireStory?id=2662638

 

Atlantic hurricane forecasts missed by big margin

 

Nov 17, 2006 — MIAMI (Reuters) - The noted hurricane forecasting team led by Dr. William Gray at laceName w:st="on">ColoradolaceName>laceType w:st="on">StatelaceType>laceType w:st="on">UniversitylaceType> has not missed by this…

Gale HawkinsUser is Offline
PowerClaim.com

Member
Posts:327


11/18/2006 12:49 PM  

It looks like $4 billion was bet on a weak 2006 hurricane season. Maybe we should watch what the money is doing before we place our bets next year to help insure we have a winning bet.

 

http://www.usatoday.com/weather/hurricane/2006-11-18-catastropheprofits_x.htm

 

Quiet hurricane season means big profits for catastrophe bondholders

 11/18/2006 10:54 AM ET

 

The amount invested in the field has doubled since last year, with more than $4 billion issued in catastrophe bonds in 2006, according to Rodrigo Araya, senior vice president of Moody's Investor Services.

Gale HawkinsUser is Offline
PowerClaim.com

Member
Posts:327


12/06/2006 9:02 AM  

http://www.cnn.com/2006/POLITICS/12/06/katrina.gao.report/index.html?eref=rss_topstories

 

GAO report: Hurricane Fraud soaked taxpayers

POSTED: 5:59 a.m. EST, December 6, 2006

 

Story Highlights

• GAO says $20 million paid to "double-dipping" Katrina-Rita victims
• Government gave $3 million to students who weren't U.S. citizens
• People living in rent-free housing still received money to pay rent
• FEMA also sent nearly $17 million in rental aid to people in FEMA trailers

Gale HawkinsUser is Offline
PowerClaim.com

Member
Posts:327


12/22/2006 8:31 AM  

So maybe any reopens in NO will not be that much of a big deal for the industry as a whole.

 

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/12/21/cnins21.xml

 

Hurricanes hardly happened, so it's a good year for the insurers

Last Updated: 12:18am GMT 22/12/2006

 

"After years of record losses, property insurers appear to be getting off lightly in 2006," Swiss Re said. "Catastrophe losses of only $15bn will allow them to replenish their risk capital, depleted by record payments for hurricane damage in 2005 and 2004."

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