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Are You Prepared for the Year-Round Catastrophe Season?

Regardless of geography or time of year, your business needs to be prepared for increasing frequency of and growing damage of severe weather.

By John W. DeWitt | Updated on August 14, 2012

Hurricanes make the headlines—yet according to PCS data, hurricanes actually accounted for less than a quarter of all catastrophe losses in the United States in the five years from 2006 to 2010. Instead, routine but violent storms that don’t usually make the national news—severe thunderstorms, tornadoes, and hail, as well as snow and ice storms in winter—accounted for 75% of catastrophe losses in that five-year period.

So what does this recent past mean for the future impact of weather-related catastrophe? You and your business should be prepared for an increasingly rough ride, said meteorologist Jeff Masters, Ph.D., cofounder and director of meteorology at The Weather Underground. Dr. Masters reviewed historical weather events and offered his predictions of weather-related disaster for the next 30 years as the lead presenter during the July 10 PropertyCasualty360 webinar, “The Year-Round CAT Season.”

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