After a major storm makes landfall, it can be very difficult to predict what recovery timelines, cleanup periods and claims will look like.
How soon following a hurricane can repair work for claims start? What types of repairs will be needed? And how long will businesses affected by storms be forced to close their doors?
These questions and more may seem elusive. However, historical and current building construction data can provide insight into recovery efforts after catastrophic storms. By looking at historical construction activity for some of the country's costliest storms, forward-looking recovery estimates become clearer.
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.