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flood coverage

Real Estate

Hurricane Season: Understanding the New Normal

Hurricane season is approaching, and with it, a new reality when storms hit properties in its path. According to a recent report put out by Zurich North America, one of our key carrier partners, despite the overwhelming evidence of a “new normal,” communities are not taking broad action to protect their coastal areas and vulnerable properties and infrastructure. The risks remain high for property owners.

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Hurricane Flood
Risk Insight

Being Storm-Ready During Hurricane Season

Hurricane Florence – scheduled to make landfall on Thursday, September 13, in the afternoon – was just upgraded to a Category 4 hurricane, meaning winds in excess of 130 mph. It could be the strongest storm to hit North and South Carolina in nearly three decades. Due to the strong winds and chances of a devastating impact, mandatory evacuations for eight coastal towns go into effect today – Tuesday, September 11.

We have four tips to help you and your insureds affected by the hurricane.

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hurricane
Real Estate, Hospitality & Restaurants, Community Associations, Risk Insight

Getting Storm-Ready Ahead of Hurricane Season

As the hurricane season – June 1 through November 30 – unfolds, safety preparations should already be underway by homeowners and coastal business owners, including hotels and restaurants. Forecasters at the National Oceanic and Atmospheric Administration (NOAA) say the Atlantic could see another above-normal hurricane season this year, predicting a 70% likelihood of 11 to 17 named storms (winds of 39 mph or higher), of which 5 to 9 could become hurricanes (winds of 74 mph or higher), including 2 to 4 major hurricanes (Category 3, 4 or 5; winds of 111 mph or higher). The Weather Company also predicts an active season, with an expectation of a total of 14 named storms – seven hurricanes and three major hurricanes.

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