Top Ten CAT Claims Handlers In The U.S.
Thursday, November 4th, 2021 Catastrophe PropertyCatastrophe insurance plays a vital role in helping protect businesses and households from financial losses incurred from natural calamities, including earthquakes, floods, hurricanes, and wildfires, as well as man-made disasters such as explosions and terrorist attacks.
And with the US experiencing a surge in natural catastrophes, getting proper coverage has become a necessity for many companies and families.
Aon’s global catastrophe report for the first six months of 2021 has revealed that the country accounts for almost half, or $46 billion, of the $93 billion in economic losses due to natural calamities.
While the global figure is about a third lower than the 10-year average of $136 billion, the US’s losses were 54% higher than its first half 21st Century average.
The polar vortex that blanketed the northern part of the country last February caused the biggest economic loss worldwide at $23 billion.
