Home

Instant Insights / Managing risks this hurricane season

Here are the insights insurance pros and policyholders need to know to navigate the 2021 hurricane season.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Preparing for an above average hurricane season. Colorado State University is predicting a busier than average 2021 hurricane season with a 25% chance of an “extremely active” season and a 35% chance of an “above average” hurricane risk. (Photo: ronniechua/stock.adobe.com)

The 2020 Atlantic Hurricane season was one of the most active on record. The loss adjusting and claims industry had to quickly adapt with new tools, technologies and resources for storm damage assessments and resolutions during the unprecedented COVID-19 pandemic that persisted throughout the season. This year’s hurricane season will pose similar challenges. A look back at 2020, however, offers insight into lessons learned that could provide guidance for responsive loss adjusting and effective claims management for the 2021 season within the ongoing pandemic.

Last year’s season was historically prolific in terms of the severity and frequency of storms. The year had 30 Atlantic named storms, breaking the record of 28 set in 2005, which experienced Hurricanes Katrina, Rita and Wilma. The season also broke the record for the most storms making landfall in the continental U.S. in a single season with 12 hurricanes, exceeding the longstanding record of nine that occurred in 1916.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.