The insurance industry learns from every catastrophe. Consider what Hugo did to Charleston, Ivan to Pensacola, or Sandy to the eastern seaboard. The future could hold even bigger storms.
The insurance industry learns from every catastrophe. Consider what Hugo did to Charleston, or Ivan to Pensacola. Miami got the big storm, but the future could hold even bigger storms.
A new report by Karen Clark & Co. says storms capable of major losses are not as infrequent as we might assume and the U.S. can expect a $10 billion loss from a hurricane every four years.
A new report by Karen Clark & Co. says storms capable of major losses are not as infrequent as we might assume and the U.S. can expect a $10 billion loss from a hurricane every four years.
Because damaging winds are rarer far inland, the hurricane risk to the interior of the U.S. can be easy to overlook. But storms can travel hundreds of miles after landfall, and there is plenty of historical evidence for storms causing billions of dollars of damages in interior states.