Search
 

Lessons learned from a painful year in insurance

Agents and brokers, insurers and policyholders have all learned from 2017's unrelenting hurricanes and wildfires, and will carry that knowledge with them going forward.

By Larry Chasin | Updated on February 28, 2018
Agents and brokers, insurers and policyholders have all learned from 2017's unrelenting hurricanes and wildfires, and will carry that knowledge with them going forward.

Natural disasters hit the U.S. hard in 2017. As if it weren’t enough to have back-to-back hurricanes and flooding in the Southeast, California’s wine country also took a beating. Ferocious wildfires spread quickly through homes, businesses and vineyards, jumping highways to burn nearly everything in their path. Then, Southern California battled raging flames as well — five fires that filled a space as large as New York City and Boston combined, according to CNN.

Agents and brokers, insurers and policyholders have all learned from this experience and will carry that knowledge with them. This will hold true for all insurable risks in the region from personal property to businesses of all sizes, particularly wineries.

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.