From floods, hurricanes and wind events to tornadoes, earthquakes and winter storms, there was no shortage of damage-causing weather events in 2016. While some categories saw less damage, others saw significant increases or even record-setting events.
Insured losses from Hermine will likely approach $500 million, with total economic damages close to $1 billion, according to an early estimate from Karen Clark & Company.
Hermine is weakening as it moves farther inland across Floridas Panhandle and southeastern Georgia, after largely sparing energy assets in the Gulf of Mexico.
The National Hurricane Center says Hermine is likely to strengthen into a Category 1 hurricane when it lands in Florida on Thursday night or early Friday.
After several seasons free of major catastrophes, here a gut-check on whether property and casualty insurers expect a pendulum swing and how they would respond.