Severe Weather and Debt

Sticking to the topic of insurance, it is important to keep an eye out for natural disasters. If you are living in an area that is prone to natural disasters, and you don't want to find yourself in deep financial trouble should one come around, then it is time for you to get insured. This of course depends on where you live. In Florida for example, it is the storms in the summer through fall that can kill your finances, and set your debt relief efforts back years, if not decades.

The situation in storm affected areas does not seem too good:

Abnormally high temperatures in the Atlantic, where hurricanes frequently form, also factored into Tuesday's prediction. Gray said they are a product of a naturally recurring cycle that is responsible for the recent era of increased storm intensity -- not global warming.

He also agrees with scientists from the National Oceanic and Atmospheric Administration, who on March 8 said there's a good chance that La Nina conditions will emerge in the next two or three months, further increasing the likelihood of an active season.

Characterized by cooling waters in the equatorial Pacific, La Nina has the opposite effect of El Nino. It calms the atmosphere, aiding formation of hurricanes.

But, Klotzbach said, there's not a huge difference between the neutral conditions present now and La Nina. They both make for an ominous six-month hurricane season.

"You can get really active seasons either way," he said. "You just can't have El Nino conditions."