Topic: Hurricanes

This year's Atlantic hurricane season is expected to produce a normal number of tropical storms, with up to eight becoming hurricanes, forecasters say. But beware: All it takes is one big one.

Forecasters are predicting a milder 2012 season, largely based on the fact that hurricanes thrive on warm water and the Atlantic Ocean has cooled this year.

Despite more than $100 billion in disaster losses around the world this year, insurers are not yet experiencing a broad and sustained increase in pricing power, defying predictions from a year ago that even half those losses would be enough to turn the industry around.