08/11/2016

Top 10 Costliest Hurricanes in U.S. History

The Atlantic hurricane season officially began on June 1 and runs through November 30. Hurricanes can be devastating not only to the geographic areas they affect, but to the individuals and businesses who call those places home. The U.S. has not seen a major named storm in more than 10 years – one of the main reasons the property market remains soft.

For the insurance industry, a major hurricane making landfall means an enormous number of claims, often resulting in rate increases for insureds and changes to catastrophe models. Check out this infographic which highlights the 10 most costly hurricanes in U.S. history, ranked by estimated insured loss.
 
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Top 10 Hurricanes in U.S History
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Legal Disclaimer. Views expressed here do not constitute legal advice. The information contained herein is for general guidance of matter only and not for the purpose of providing legal advice. Discussion of insurance policy language is descriptive only. Every policy has different policy language. Coverage afforded under any insurance policy issued is subject to individual policy terms and conditions. Please refer to your policy for the actual language.

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