Workers remove debris after Hurricane Maria at the Corporacion Avicola Morovis Inc. facility in Morovis, Puerto Rico, on Monday, Oct. 2, 2017. (Photo: Alex Wroblewski/Bloomberg)
Hurricanes Harvey, Maria and Irma all had substantial effects on the U.S. and Caribbean in 2017 and now rank among the top five costliest on record, according to the National Hurricane Center (NHC). With the National Oceanic and Atmospheric Administration (NOAA) forecasting a similarly active 2018 hurricane season, businesses must take steps now to prepare.
|What we learned in 2017
The sheer number of devastating storms, along with simultaneous earthquakes and wildfires, challenged organizations, their employees, insurers, claims adjusters and consultants, governments, utilities, vendors and suppliers in 2017. Obtaining qualified expertise, equipment, labor, power and fuel proved difficult for many organizations without adequate and tested risk management and business continuity plans. Companies also experienced delays in loss assessments, reporting, claims filing and funds distribution.
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