The authors document and explain changes in the rates of North Atlantic major hurricanes over the 20th century. A change-point analyses identifies two contrasting regimes of activity. The regimes have significantly different occurrence rates that coincide with changes in the climate over the extratropical North Atlantic. In conjunction with the recent Arctic warming and a relaxation of the North Atlantic oscillation, it is speculated that we are beginning a new period of greater major hurricane activity. ¿ 2000 American Geophysical Union