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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Handling priceless losses. When dealing with a loss of the magnitude of the Notre Dame Cathedral in Paris, it is extremely important to have a crisis communications plan in place and a crisis management team to handle media inquiries and the information to be shared with the public.  (Photo: R. David Sweet, MITConsulting, Inc.)

The global art community has grown over the past decade with high-end art sales worldwide increasing by 9% in value, according to UBS Global Wealth Management. At the same time, specialist fine art policies are evolving for galleries and collectors as well as fine art brokers, which means loss adjusters are facing new challenges.

Assessing fine art and other often-irreplaceable items that have complicated valuations is a complex part of the insurance claims business. Unlike general adjusters, fine art claims professionals deal with objects that have more than monetary value — items that have sentimental value to the owners or deep historical significance, which makes the process more complex.

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