Authored by Sara Weathers
October was another month of catastrophic losses due to severe weather in the United States. There were several weather events across the country, each causing hundreds of millions of dollars in damage, according to an article on businessinsurance.com.
There was an outbreak of severe weather in the Midwest at the beginning of October with damage from strong winds, hail, and tornadoes that caused $300 million or more in losses. The West Coast doesn’t often experience severe weather. Still, at the end of October, a storm system from the Pacific swept through California, Oregon, and Washington with heavy rain, wind, and flooding that led to widespread damage across the three states. While there is no exact number yet, the cost of these damages is expected to be well into the hundreds of millions as well.
The Lower Mississippi also experienced flash-flooding that caused damages, most of which were uninsured. The damages were estimated to be worth $325 million.
Now is the perfect time for businesses to start thinking about property insurance before winter weather arrives. Visit our insurance page today to learn more about the products we offer!