From polar vortexes to tornadoes to wildfires and hurricanes, the United States has recently seen its fair share of natural disasters. In fact, according to Chubb, the average claim cost for a flood — the most common and costly natural disaster in the United States — increased by over 550% in the last five years, jumping from $50,000 to $290,000 per claim.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In