Wednesday, April 10th, 2019 — Record floods that submerged parts of the Midwest as a result of a deadly combination of melting snow and heavy rains have caused $3 billion in damages so far, and more flooding is in the forecast, according to news reports. This recent natural catastrophe is once again sending warning signals about the intensifying weather-related events that are likely to continue impacting the US in the years to come, including regions that typically havent seen wild weather in the past. “Theyve impacted, I think, areas that would not have traditionally seen those sorts of catastrophes,” said Jim Epting, corporate senior vice president at Burns & Wilcox and managing director of the Atlanta office, referring to catastrophes from 2018.
The Effects Of Natural Disasters On Insurers Are Coming Home To Roost
Record floods that submerged parts of the Midwest as a result of a deadly combination of melting snow and heavy rains have caused $3 billion in damages so far, and more flooding is in the forecast, according to news reports. This recent natural catastrophe is once again sending warning signals about the intensifying weather-related events that are likely to continue impacting the US in the years to come, including regions that typically haven’t seen wild weather in the past.