The number of billion dollar weather and climate disasters in the U.S. during 2021 has been “unprecedented” according to the latest data from the National Oceanic and Atmospheric Administration (NOAA). While the total aggregated costs remain below 2005 and 2017, risk and insurance professionals must prepare and plan for increased frequency of such severe weather events for the future.
While the commercial property insurance rates increased by a collective 19% this past quarter, an important caveat hidden in the data is the differences between...
As National Hurricane Preparedness Week comes to a close, risk and insurance professionals should proactively advise clients how to prepare their property and employees...