Storm activity during the 2019 hurricane season is forecasted to produce between two and four major hurricanes with winds higher than 111 mph, according to the National Oceanic and Atmospheric Administration (NOAA). The NOAA defines this level of hurricane activity as normal for the season. However, recent trends in weather activity and the impacts of …
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Hurricane-related insured losses have skyrocketed over the past two years. Heading into 2019’s hurricane season, carriers face the challenging task of responding swiftly to claims, while also controlling loss creep, mitigating fraud, and managing property risk and exposure. It’s a tall order, but the right advanced data services can support these initiatives. Carriers who leverage …
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It’s in the best interest of North Carolina carriers to closely monitor Hurricane Florence recovery. Florence, which made landfall in September 2018, confirmed a recent trend in hurricane activity –a hurricane’s category no longer tells the whole story. In the days before Hurricane Florence reached North Carolina, it was downgraded from a Category 4 hurricane …
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