This image provided by NOAA. taken Oct. 7, 2016, shows Hurricane Matthew over the Southeastern part of the U.S. FM Global advises businesses in hurricane-prone areas to expect a one-two-punch of wind and water. (NOAA via AP)
Saving money is a good thing. For every $1 a business spends on hurricane protection, it reduces loss exposure by an average of $105, according to a new analysis by commercial and industrial property insurer, FM Global.
To arrive at the ratio, FM Global tallied an estimate for over 10,000 wind- and flood-related investments and their associated reduction in property loss and business disruption exposure for 1,800 clients around the world from 2008 to 2017. These estimates are calculated based on actual losses that have occurred at tens of thousands of properties insured by FM Global.
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
