Unfortunately, no one knows where — or when — the next major hurricane will hit. (Photo: Ryan/Adobe Stock) Unfortunately, no one knows where — or when — the next major hurricane will hit. (Photo: Ryan/Adobe Stock)

Rising ocean temperatures have made hurricane season more intense, causing storms to grow increasingly devastating. Nine out of the ten costliest hurricanes to hit the U.S. occurred in the past 20 years. In 2022 alone, hurricanes and floods caused $120 billion in insurance losses, a stern reminder of the need for risk mitigation.

While researchers predict 2023 to be a below-average hurricane season, these storms are only expected to grow stronger and more frequent. For business owners in hurricane-prone areas, there has never been a more important time to prepare. Thorough, proactive planning and investment in protective measures can mitigate risk and minimize claims. Preparation could also lead to more favorable insurance terms and pricing.

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