When it comes to hurricane losses, your clients don't have to be in the cone of uncertainty. In honor of National Hurricane Preparedness Week, Amwins is here to help ensure you and your clients are in the best position possible for safety and recovery should a hurricane strike.
The 2021 hurricane season was the third most active on record (with 21 named storms) and marked the sixth consecutive above-normal Atlantic hurricane season, according to the National Oceanic and Atmospheric Administration (NOAA). Estimated losses exceeded $70 billion, the fourth most on record, with more than 90% caused by Hurricane Ida alone
Colorado State University has released its predications that the 2022 Atlantic hurricane season will again be “above-average” with nine hurricanes projected and four major hurricanes expected to make landfall.
The combination of rising inflation, property valuations increasing at record pace, ongoing supply change disruptions, and labor and material shortages means that the 2022 hurricane season could be a recipe for disaster for insureds. Therefore, helping your clients prepare now, reviewing their insurance coverage and partnering with a wholesale insurance expert is more critical than ever.
Amwins believes that a strong defense is a good offense, and proper preparation should start before your clients find themselves in the path of a hurricane.
Should you have a claim to report as a result of a storm, the most efficient process is to report the claim directly to the carrier(s) in accordance with the reporting provisions of the policy. When submitting a claim, please include the insured's name and policy number.
Bring on the Future
The ideal time to help your clients understand their exposures is before a natural disaster strikes, so they can be prepared in the event of a claim. Amwins offers a wide range of services to aid you, from CAT modeling to claims advocacy, as well as parametric solutions and exclusive property capacity that continues to grow during the hard market. As always, we are committed to keeping you informed and armed with strategies for success.
Reach out to your Amwins broker or underwriter for individualized attention.