What’s Wrong With the Weather?
The past 15 months have been challenging for businesses and property, with the coronavirus pandemic creating massive disruptions and losses. For insureds in the Mid-Atlantic region, which experienced a more active hurricane season than normal, those losses were compounded. As businesses reopen and prepare to resume pre-pandemic operation levels, it is essential to consider what interruptions severe weather may introduce throughout the year and how weather trends may impact insurance renewals. Climate vs. Weather Weather and climate are not interchangeable terms, despite common usage. Weather involves a specific set of conditions like rain, sun, temperature and humidity. Climate …
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