Special Report

2020 Catastrophe Preparation and Recovery

June 1 marks the beginning of hurricane season, while the peak of tornado season is March through May. Wildfire season is traditionally during the summer months, but in some states the risk is yearlong. Preparation is key to providing a timely response in order to help policyholders begin the recovery process. In this Special Report we share information on how best to prepare for natural disasters and how to recover if one damages your property.

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Preparing for disaster. While wildfires and hurricanes are major sources of damage, business owners should not ignore other types of catastrophes in their planning. (Photo: Shutterstock)

Business owners have faced a myriad of challenges in recent years in planning for catastrophes, natural disasters and extreme weather events, and the spotlight has been thrust on the importance of remediation, repair and recovery during the aftermath of such calamities.

The value of qualified claims professionals with technical talents and loss adjusting skills became particularly pronounced in 2017, when two major hurricanes made landfall within weeks of each other in Texas and Florida. Hurricane Maria landed a catastrophic blow to Puerto Rico shortly thereafter. In fact, the 2017 hurricane season went on to become one of the worst on record with insured losses from hurricanes Harvey, Irma and Maria estimated at $92 billion.

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