Search
 

Most Americans Say Risk Environment Is Growing Stormier

A survey by Travelers reveals most Americans believe severely damaging weather is becoming more frequent, but may overestimate their preparedness to deal with the damage.

By Anya Khalamayzer | Updated on September 18, 2013

Most Americans believe  severely damaging weather is becoming more frequent in the U.S. today, but may overestimate their preparedness to deal with the damage, shows a study surveying the public on what it perceives as their most relevant risks.  

“Nearly two out of every three American homes (59 percent) are underinsured as homeowners and, on average, have only enough insurance to pay for 78 percent of costs to replace or rebuild their homes,” says Pat Gee, senior vice president of catastrophe response at Travelers, citing Marshall & Swift/Boeckh LLC, a leading provider of building replacement cost data.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.