Weather Risk

This was the first time since 2007 that more than 40,000 people died in motor vehicle crashes in a single year, according to the National Safety Council.

New seismicity maps released by the U.S. Geological Survey show that a swath of Oklahoma and Southern Kansas are likely to experience high-magnitude earthquakes this year.

Global natural disasters cost $520 billion of consumption loss annually, 60 percent larger than asset losses that are commonly reported, the World Bank said in a report.

From floods, hurricanes and wind events to tornadoes, earthquakes and winter storms, there was no shortage of damage-causing weather events in 2016. While some categories saw less damage, others saw significant increases or even record-setting events.

When insurers understand the effects of peril-related trends on loss costs, they can better manage risk and set rates.

Rapidly changing weather patterns are significantly changing and shifting the risk of flood. Do your clients know that?