: Increasingly impactful weather losses, as well as things like continuing supply chain issues and a larger focus on ESG risks, will affect how the insurance market is forced to shift in the coming year. (Credit: Shutterstock)
Insurers are expected to pay out billions of dollars in losses from severe weather events that struck the U.S. in 2022. Hurricane Ian, which made landfall in Florida in September, caused an estimated $65 billion in losses alone, making it the second-largest insured loss recorded, behind Hurricane Katrina. These increasingly impactful weather losses, as well as things like continuing supply chain issues and a larger focus on ESG risks, will affect how the insurance market is forced to shift in the coming year.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
