25 Years Later, Hurricane Andrew’s Lessons Still Resonate

Hurricane Andrew struck Florida on August 24, 1992, and the upheaval the Category 5 storm created for the property insurance market remains a reminder of the necessity of managing risk and striving for resiliency in the nation’s most disaster-prone state, according to the Insurance Information Institute (I.I.I.). Among those lessons was an awakening to Florida’s exposure to catastrophic loss. “Prior to that August day in 1992, few had come to grips with the necessity of being both financially and structurally resilient,” said Sean Kevelighan, CEO, I.I.I. “Financial resiliency means getting the right type and amount of insurance.