Weather Risk

"If there's a direct-hit Category 5 storm that hits Miami, you're going to see 20 insurance companies go bankrupt and are not going to be able to pay claims. It's become a big problem," said South Florida insurance broker Joseph Gendelman.

The drought comes alongside a multi-month heatwave – the two elements combining to create the hottest, driest summer in the 61 years the government has recorded such data.

Meteorologists are describing the flooding as a 'once-in-200-years' event.

When temperatures increase, so do the risks facing employees. Implementing these tips can help reduce seasonal risks.

For small businesses, hurricane preparedness plans affect the safety of employees and the ability to reestablish business operations after a storm.

The city cited a 1907 rule that holds municipalities in New York are not liable for damage from 'extraordinary and excessive rainfalls.'