Weather Risk

It's the second downgrade from S&P Global in a matter of months.

In the U.S., there have been 42,854 fires reported on 3.5 million acres so far this year.

Three to five named storms are expected to develop this month.

Some are concerned this decision may leave TWIA unable to pay claims if a catastrophic hurricane hits.

Around 64% of business owners surveyed said they were concerned about financial hardship after a disaster.

‘Overall exposure to natural catastrophe is up as people move into places prone to hurricanes, wildfires, floods and other perils.”