Property insurers in the United States are grappling over how to manage the growing frequency and severity of losses tied to severe convective storms.
Once thought of as secondary perils, these storms — characterized by tornadoes, hail and straight-line winds (including derechos) — are now top-of-mind issues for insurers due to their astounding ability to cause catastrophic losses in short periods of time coupled with the increased frequency of these events.
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Troy Crawford
Troy Crawford is head of commercial lines product management at Westfield Insurance. Troy is based in Naples, Fla.
