Investing

Latin America preps for a drastic hurricane season, exacerbated by climate change

Space Frontiers / Archive Photos via Getty Images

(Michael Molinski is a senior economist at Trendline Economics. He’s worked for Fidelity, Charles Schwab and Wells Fargo, and previously as a foreign correspondent and editor for Bloomberg News and MarketWatch.)

CANCUN, Mexico (Callaway Climate Insights) — The 2023 Atlantic Hurricane Season started this month, with dire predictions on the number of tropical storms Mother Nature has in store, all of them exacerbated by climate change.

Latin America, the Caribbean and the United States typically see the brunt of the Atlantic hurricane season, with Mexico, the United States and Cuba the countries with the most fatalities. Haiti, Puerto Rico, Nicaragua and the Dominican Republic are close behind in terms of devastation. In terms of cost, the United States leads the way with billions of dollars lost to hurricane damage each year.

The U.S. National Oceanic and Atmospheric Administration (NOAA) has predicted a “near normal” hurricane season that we could see anywhere from 12 to 17 named tropical systems. Five to nine of those could be hurricanes and, of those, one to four of them being major hurricanes.

But Mexico’s National Water Commission says there could be up to 21 hurricanes in Mexico this season…

Subscribe to Callaway Climate Insights to keep reading this post and get 7 days of free access to the full post archives.

Essential Tips for Investing (Sponsored)

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.