While the people of Joplin, Mo., as well as Tuscaloosa, Ala., and Birmingham, Ala., don't have to be reminded, this year marks the fifth anniversary since these and several other cities were devastated by massive tornadoes.
The insurance industry responded very effectively to these events and played a significant role in the rebuilding.
As the 2016 tornado season nears, it's difficult to predict what's in store, but we do know that severe weather accounts for the majority of insured losses in the United States. The trends for catastrophes continue to point to more frequent and costly events. We're reminded that these events can happen virtually anywhere. We also recognize the importance of insurers' responding immediately to clients and taking steps to improve disaster readiness and mitigation.
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