The 2010 Atlantic hurricane season had been forecasted to being “active to extremely active,” with the 11th named storm (Hurricane Karl) making landfall in Mexico last week.

The hurricane warning in Bermuda has been discontinued, as Hurricane Igor passed approximately 40 miles west of Bermuda today, according to the National Hurricane Center (NHC).

Fletcher MacGregor, Global Natural Hazards and Emergency Response Practice Leader, noted, “As we are now midway into the hurricane season, it is timely to remind our clients of the importance of planning ahead.   Catastrophic events can have a compound effect on the insurance market, and available capacity and pricing.”

"It is prudent for risk managers to evaluate their exposures and measure potential losses,” added Duncan Ellis, Marsh U.S.  Property Practice Leader.  “There are a number of pre- and post-loss measures an organization can implement to minimize a catastrophe’s impact on their business, their suppliers, and their customers."

Approximately half of the U.S. population lives within 50 miles of a coastline, according to the U.S. Census Bureau.  

Marsh's global team of experienced professionals can help organizations better manage natural hazards by providing advice and assistance to identify and quantify these exposures.