|

The average temperature across the United States was more than two degrees above average in July of 2023, according to the NOAA, making it the 11th hottest July in the 129-year climate record, with Arizona, Florida, Maine and New Mexico recording their hottest Julys ever.

Many in the U.S. have taken to the water to find some relief from this extreme heat, but temperatures aren't the only extreme boat owners have to contend with these days. The NOAA also reports that from January to July 2023, the U.S. experienced 15 individual climate disaster events with losses over $1 billion each – with 13 of these events related to severe weather.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
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.

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].

Personal Lines
Personal Lines
Weather Risk