Hurricanes remain one of the most challenging catastrophes for insurers to prepare for—and predict. In this episode, Jeff O'Shaughnessy is joined by Dr. Phil Klotzbach, senior research scientist at Colorado State University and a leading authority on hurricane forecasting. They unpack the August 2025 hurricane outlook, why this season is expected to be slightly above normal, and how the absence of El Niño, warmer Atlantic waters, and shifting wind shear patterns are shaping storm activity. Phil also explains the value of 2-week forecasts and why a small number of major storms cause most of the damage.