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Secondary Perils Playing Bigger Role in Expanding Catastrophe Losses.
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- Author(s): Bellano, Anthony
- Source:
Best's Review. Jun2024, Vol. 125 Issue 6, p38-43. 6p.
- Subject Terms:
- Additional Information
- Abstract:
The article highlights the increasing impact of secondary perils, like severe convective storms, on catastrophe losses, shifting insurers' focus. Topics include the rising frequency of severe convective storms, exceptional hail damage in 2023, and the need for a reevaluation of these perils by insurers to better understand and mitigate their risks.
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