I gotta ask, what the hell does BUGS have to do with hurricanes anymore? Hard enough finding the website - but thanks for the link here. It looks to me they discontinued the operations that had anything to do with storm remediation (at that, they needed pretty much a cat 5). Now they have moved into agriculture (which has been its own little bull market). What remediation is left seems to be for oils, sludge, manure, compost. That doesn't sound storm related one bit.
I think it moved as it did because of the new focus - the new company...seems to me though, 'captain bob' isn't pushing the storm angle anymore, so why are all the traders?
If exxon valdez hits a reef again, this is your play. Hurricanes though? Whatever!