severe weather conditions

A Smart and Steady Approach to Natural Disaster Insurance

According to the National Oceanic and Atmospheric Administration (NOAA), 2017 was the most expensive year on record for natural disasters. NOAA reported that hurricanes, wildfires and other natural events resulted in an unprecedented $306 billion in damages. As a result, globally, insurers paid a record $135 billion. Despite the staggering dollar amount, the insurance industry…

Prepare Clients for Hurricane Season with Five Wind Insurance Tips

In the months of June through November, areas off the Atlantic coast of the United States have the potential to be hit with hurricane force winds.1 Hurricane force winds are considered wind gusts sustained at 74 mph according to the National Weather Service. The estimated value of coastal properties that are vulnerable to hurricanes exceeds…

What to Know About Wind Coverage in Coastal States

39 percent of the U.S. population lives in counties located directly on the shoreline. This opens more than 123.3 million Americans up to the potential of hurricane damage. With the median cost of damage from one Atlantic hurricane averaging $1.8 billion, proper insurance is imperative. These staggering costs do not necessarily disappear with suitable coverage….