The main driver of the high insured losses was an active hurricane season in the North Atlantic. In addition, the combined insurance losses from all wildfires worldwide were $14 billion, the highest ever in a single year.
Knowing the states that people are moving out of can help insurance agents and brokers plan for the potential loss of clients who relocate to another state.
The general class is stable, but extra capacity has contributed to a buyers market. In addition, agents and brokers will find some transportation accounts tough to write because of increased losses.
London-based risk analysis firm Verisk Maplecroft has put together a Civil Unrest Index that ranks almost 200 countries in terms of their exposure to protests, mass demonstrations, ethnic or religious violence.