White Paper

Is Your Property Prepared for the 2021 Hurricane Season? Here Are the Top Qualities Your Insurance Partner Should Have

2021 hurricane season is looming large. Property owners must seek out an insurance partner that can help manage the storm, but also be there long after the winds die down.
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White Paper Summary

Hurricane risk continues to grow in both the number of named storms and in the volatility of an individual event.

To put that in perspective, 2020 was a record 30-named storm season, reaching an estimated $47 billion in damages. Predictions for 2021 suggest this season is likely to be active again.

The good news for property owners is that hurricane risk isn’t new, even though the magnitude of an individual event has shifted. This means an insurance partner that’s been around for past storms has the knowledge and experience to help insureds start to prepare for, mitigate and adapt to the challenges a hurricane brings.

It is key to find the right partner for the job.

Michael Price, the CEO for North America, General Insurance at AIG, has stated that as a company positioned for the long-haul, AIG continuously builds out strategies and programs to address the changing risk landscape.

“The most important thing an insurance partner can do is be there for the client. That means reviewing their own capacity and managing the volatility within their own portfolio. You want a team that’s responsible, sustainable and consistent,” said Price.

Here’s what a responsible, sustainable and consistent insurance partner should look like, from the strategies they have at play to the way they work with their insureds to manage growing hurricane risk.

To learn more about AIG, please visit their website.

AIG is a leading international insurance organization serving customers in more than 80 countries and jurisdictions.

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The R&I Editorial Team can be reached at [email protected]