Favorable weather conditions produced one of the quietest seasons in recent memory. This year's tornado season also produced a below-average number of twisters and statistically, the western wildfire season could be characterized as modest.
But for many people, 2013 didn't feel as "tranquil" as the numbers suggest. Just ask East Coast residents who spent 2013 in recovery mode from Superstorm Sandy; those in the Oklahoma City area who were devastated by two deadly tornado outbreaks within 10 days; or the families forced to flee wildfires in the Colorado Springs, Colo., area.
As population trends continue, more Americans are living in disaster-prone areas. This not only increases the economic cost of recovery, but also leaves more Americans with a large portion of their personal net worth exposed to catastrophic loss.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 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.