With the hurricane season that ended today causing few U.S. insured losses, an insurance group is worrying that the public will be lulled into being unprepared for future storms.
“We were lucky this year, and the heightened threat from destructive storms remains and is expected to last for a number of years to come,” said Marc Racicot, president of the American Insurance Association.
In a statement, he noted, “While the tendency after a quiet hurricane season is to do less on this front, now is the time to do more to prepare.”
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