July 6, 2020
Maiclaire Bolton Smith
Sr. Leader of Research & Content
In the past 10 years, the U.S. has seen 121 events produce damage in excess of $1 billion. Globally, this escalates with many more events around the world. From major hurricanes and floods, to annual severe weather, devastating wildfires, and even the rarer occurring earthquakes and volcanoes, in the past decade, the U.S. has seen them all.
In the latter half of the decade, the trend of catastrophic losses continued to rise with events like Hurricane Harvey (2017) and the California wildfires (2017 and 2018) among the most costly and disruptive.
Now more than ever, insurers need real-time data to understand risk on a granular level and best serve their policyholders. Read more specifics on each peril in this Insurance Journal article.