The first six months of 2024 have been busy for re/insurers between flooding, storms, and much more. Natural disasters caused an estimated $117bn in economic losses - 15% lower than the long-term 1H mean since 2000. Though severe convective storm activity drove the above-average economic loss in the US, all other regions experienced lower losses so far in 2024. Want to learn more about catastrophe loss trends for 2024? Read the full 1H 2024 Global Catastrophe Recap: https://lnkd.in/e9Mbud79 #catastrophe #insurance
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Read the full 1H 2024 Global Catastrophe Recap for the latest update on how natural disasters and weather are impacting our market and clients in the first half of 2024:
The first six months of 2024 have been busy for re/insurers between flooding, storms, and much more. Natural disasters caused an estimated $117bn in economic losses - 15% lower than the long-term 1H mean since 2000. Though severe convective storm activity drove the above-average economic loss in the US, all other regions experienced lower losses so far in 2024. Want to learn more about catastrophe loss trends for 2024? Read the full 1H 2024 Global Catastrophe Recap: https://lnkd.in/e9Mbud79 #catastrophe #insurance
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Flooding is becoming more and more of an issue due to weather events. In the aftermath of a flood, your business may face temporary closures and operational disruptions. Our Flood Insurance includes Business Interruption Coverage, providing financial support during challenging times. This coverage helps mitigate lost income and essential expenses, ensuring your business can persist despite setbacks. Learn more at https://lnkd.in/eN3XSkkf #boufford #insurance #flood
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Many of the most destructive and costly natural disasters, including floods and earthquakes, are typically not covered by a typical homeowner's policy. If your home is in a flood or earthquake zone, contact us today to discuss how to get coverage for flood and earthquake damage. #flood #earthquake #insurance #floodinsurance #earthquakeinsurance
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Many of the most destructive and costly natural disasters, including floods and earthquakes, are typically not covered by a typical homeowner's policy. If your home is in a flood or earthquake zone, contact us today to discuss how to get coverage for flood and earthquake damage. #flood #earthquake #insurance #floodinsurance #earthquakeinsurance
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Tropical Storm Risk now offers downloadable forecast rainfall layers to complement its wind and gust footprints. These layers, sourced from the GFS model, provide highly-accurate rainfall accumulation forecasts for the next 120 hours. They are critical for clients with assets prone to flooding and landslides, which can be prevalent during slow-moving storms. To learn more, please visit - https://lnkd.in/egNMqMCW #Insurance #InsuranceIndustry #RiskManagement
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How have re/insurers tackled catastrophe events in the first half of 2024? Although market conditions were more stable and predictable, re/insurers around the world had to contend with severe convective storms, flooding, and more. Read our 1H 2024 Global Catastrophe Recap for a comprehensive summary of the catastrophe landscape, from trends in economic losses to what to expect in the next six months: https://lnkd.in/e9Mbud79 #catastrophe #insurance
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Many of the most destructive and costly natural disasters, including floods and earthquakes, are typically not covered by a typical homeowner's policy. If your home is in a flood or earthquake zone, contact us today to discuss how to get coverage for flood and earthquake damage. #flood #earthquake #insurance #floodinsurance #earthquakeinsurance
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Myth: Fire Loss of Profit Insurance covers all types of business interruptions. Fact: This insurance only covers losses due to specific perils listed in the fire policy, such as fire, storm, typhoon, flood, earthquake, inundation. It does not cover interruptions caused by non-covered events in the policy. #insurancebroker #Insurance #insurancechallenges #myths #facts
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As we weather another exceptionally wet year, the risk of flooding looms large. Unprecedented rainfall has unleashed widespread flooding, impacting not only the usual flood-prone areas but also some areas unfamiliar with such challenges. In the UK, over a third of the 1.6 million commercial properties reside in moderate or significant flood risk zones. Understanding and mitigating flood risk is imperative, and at Securus, we are committed to guiding businesses through this process. Discover practical insights and tips on flood preparations - from property maintenance to what to do when the flood hits - in our new article: https://lnkd.in/ett_HktV Remember, preparations today help to secure your business tomorrow. #FloodRiskManagement #Securus #Insurance
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Many of the most destructive and costly natural disasters, including floods and earthquakes, are typically not covered by a typical homeowner's policy. If your home is in a flood or earthquake zone, contact us today to discuss how to get coverage for flood and earthquake damage. #flood #earthquake #insurance #floodinsurance #earthquakeinsurance
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