June 25, 2024
The U.S. experienced a record number of costly disasters in 2023, resulting in $92.9 billion in damages. With predictions of an active Atlantic hurricane season in 2024, the urgency for robust risk management and sustainable development is more pronounced than ever. Understanding the evolving landscape of insurance premiums and market challenges is crucial for businesses to effectively manage risks and secure appropriate coverage. As natural disasters and economic factors drive changes in the insurance market, staying proactive and informed is key to navigating these complexities.
Learn more in the latest Markets in Focus :: General report.
The views and opinions expressed within are those of the author(s) and do not necessarily reflect the official policy or position of Parker, Smith & Feek. While every effort has been taken in compiling this information to ensure that its contents are totally accurate, neither the publisher nor the author can accept liability for any inaccuracies or changed circumstances of any information herein or for the consequences of any reliance placed upon it.
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