Last year (2019) appeared to be a “mild” year from a weather perspective, but damage estimates, according to Accuweather, exceeded $22B. If Hurricane Dorian had kept its projected course and not moved further eastward, the destruction to Florida’s east coast corridor would have been devastating.
The weather activity of 2017 and 2018 has taken a toll on the Inventory/Dealer Open Lot markets. The record Hail in the Midwest and the effects of Hurricanes Harvey and Irma sent wake up calls through the carrier and reinsurance markets Underwriters who became ‘’overly aggressive’’ with their pricing and deductibles felt the pains of …
