Americans are on the move, and according to the U.S. Census Bureau, the U.S. population grew to 323.1 million from July 2015 to July 2016, or about 0.7 percent. The areas with the most growth were the South, with an increase of 4.5 percent, and the West, which grew by 4.6 percent says CCC Information Systems (CCC) in their 2017 Crash Course report.
Among the states comprising what the Census Bureau has identified as the South are Florida, Texas, and South Carolina, which accounted for almost 40 percent of the U.S. population. In the West, the populations in Nevada and Utah grew by more than 3 percent. Why is this significant?
Because areas in the South and West saw some of the most severe weather last year, and CCC Information Systems found that seven of the 10 most severe weather events occurred in the South and West. For insurers, an increase in population in these areas can mean more property and auto claims if the trends continue into 2017.
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Patricia L. Harman
Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]
