After record-high insured losses from weather-related disasters over the last two years, carriers are reevaluating the need for more accurate data to better manage and assess risk.
BuildFax analyzed rebuilding activity following 11 hurricanes between 2000 and 2018, delivering deeper insights into recent storms: Hurricanes Harvey, Irma, Michael and Florence. The findings reveal:
- Hurricane recovery averages 10.7 months, providing a window of repair work following claims payouts.
- Hurricane preparedness increases 25 percent in 2018, an indication that certain regions may see decreased insurance risk.
- Roof damage remains one of the most common problems amidst hurricane recovery.
Which regions bounced back the quickest following recent hurricanes and how does it compare across the last two decades? Download the report to learn more.