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.
June 1 marked the start of the 2020 hurricane season, and forecasters are expecting it to be a volatile one. Weather experts predict the Atlantic basin will produce “above-average” levels of activity, with 14–18 tropical storms forecasted, 7–9 storms reaching hurricane strength, and 2–4 systems becoming major hurricanes.
Irrelevant to any forecast predictions, the 2020 hurricane season already poses a unique set of risks to coastal communities as the COVID-19 pandemic rages on.
Already have an account? Sign In Now
Copyright © 2023 ALM Global, LLC. All Rights Reserved.