U.S. severe convective storms have grown to represent a 10-billion-dollar annual peril for the insurance industry, and their accurate prediction remains a challenging task. In addition, we now live in a world where these extremes are changing in frequency and location. For example, recent research has shown an upward trend for tornadoes in the Mid-South, and a decreasing trend in the notorious "Tornado Alley" of the Great Plains. Changes in the climate, along with changes in the human-built environment, are drastically shifting the landscape of risk associated with natural hazards.
Weather impact on property & casualty
Organizations and businesses are turning to meteorologists to gain a deeper understanding of our evolving world, and property and casualty insurance is no exception. Insurers like MetLife Auto & Home recognize the growing impact weather is having on its customers and their property. From large hail damaging cars and roofs to hurricane winds and water devastating homes, as insurers, we see first-hand the physical and emotional toll weather has on our customers.
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