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FBN's Jeff Flock breaks down how a predicted mild hurricane season could impact the oil and insurance industries.
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Hurricane season let's talk about it here despite some tepid at predictions from forecasters investors.
Are Iraq quite concerned about the activity that they've already seen Jeff Flock has more on all that from Chicago Jeff.
-- -- -- -- out ahead of -- hurricane season and hurricane season doesn't start officially until tomorrow you get worried you know remember.
The the issue Connell is not so much how -- -- season it is it's what comes to short take a look last year.
When I got to go to New York City because a hurricane came very close to a large population center.
In New York City deal lot of damage.
You know these forecasts that we get out in front of the seasons usually people say.
While their forecast for hours -- actually they're usually pretty bright and that is because.
Do look pretty good job of predicting how many storms are going to be out there are not necessarily a great job of predicting how many storms are going to make it to land.
If it is indeed a mild season it's good for insurance stocks for example Allstate already had its best quarter in since 2003.
Last year.
Or this year and one of the reasons for that is last year took a lot of heavy hits.
Eight increased premiums and this year there hasn't been much activities -- opens -- a weak hurricane season again.
That's going to be good for company like all state travelers beat estimates first quarter.
So potentially good for the insurers also potentially good for the oil companies take a quick look at the oil -- bad day today.
In the energy sector.
But it could be a good year for them Connell if we get a weak hurricanes and -- -- -- it only takes one nasty one.
Coming up there in your neck of the woods there -- not really messed things up and that was Thompson last year well I mean we're not written for a big season but if we do get on we have the best -- -- -- seriously anywhere there is Jeff Flock.
