An El Nino watch has been issued by the U.S. Climate Prediction Center, warning of the possible development of the weather-altering event that can bring rain to California and South America and raise winter temperatures in the U.S. Northeast and Midwest.
Travelers Cos., the property- casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit more than tripled as claims costs from natural disasters fell a year after Superstorm Sandy.
The first tropical storm of the Atlantic hurricane season, Arlene, formed in the southwestern Gulf of Mexico and may cause “life-threatening flash floods and mudslides,” the National Hurricane Center said.
Warm Atlantic waters and favorable wind patterns may produce 13 to 20 named storms this year for the fourth above-average hurricane season in a row, the National Oceanic & Atmospheric Administration predicted.
AccuWeather Inc. today boosted its forecast for the 2010 Atlantic hurricane season to 18 to 21 named storms, up from 16 to 18, and said least three will move through the region affected by the Gulf of Mexico oil spill.