The effects of rising claim payouts after recent hurricanes
Here are the insights insurance pros and policyholders need to know to navigate the 2022 hurricane season.
(Bloomberg) — As Tropical Storm Arthur moves up the U.S. coastline, forecasters worry that it is just the first domino to fall in a hurricane season that has the potential to mirror the worst ever.
Arthur became the first named storm of 2020 when it reached tropical storm status over the weekend. As of 5 a.m. ET on May 18, it was forecast to pass close to or just over North Carolina’s Outer Banks with 45 mile-per-hour winds and as much as three inches of rain. The storm will then turn eastward into the Atlantic, according to the National Hurricane Center
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