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Most Americans Say Risk Environment Is Growing Stormier

A survey by Travelers reveals most Americans believe severely damaging weather is becoming more frequent, but may overestimate their preparedness to deal with the damage.

By Anya Khalamayzer | Updated on September 18, 2013

Most Americans believe  severely damaging weather is becoming more frequent in the U.S. today, but may overestimate their preparedness to deal with the damage, shows a study surveying the public on what it perceives as their most relevant risks.  

“Nearly two out of every three American homes (59 percent) are underinsured as homeowners and, on average, have only enough insurance to pay for 78 percent of costs to replace or rebuild their homes,” says Pat Gee, senior vice president of catastrophe response at Travelers, citing Marshall & Swift/Boeckh LLC, a leading provider of building replacement cost data.

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