Frequency of Billion dollar severe weather events “unprecedented.”

The number of billion dollar weather and climate disasters in the U.S. during 2021 has been “unprecedented” according to the latest data from the National Oceanic and Atmospheric Administration (NOAA). While the total aggregated costs remain below 2005 and 2017, risk and insurance professionals must prepare and plan for increased frequency of such severe weather events for the future.

#risktech #insurtech #riskmanagement #natcat

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