Catastrophe modeling agencies have projected a lower-than-average storm activity level for the 2014 Atlantic basin hurricane season, given the high likelihood of an El Niño occurrence, reports BNamericas.
However, projections of a not-so-strong hurricane season do not discard the potential for significant storm damage, Guy Carpenter & Co. L.L.C.'s GC Analytics unit said. Meanwhile, the probability of storm activity in the Pacific Ocean will increase when El Niño occurs, BNamericas reported.