Weather, weather everywhere
- Wildfires, flooding, hurricanes, hail storms — catastrophes like these cause widespread property damage and an onslaught of insurance claims. Insurance companies raise rates to account for these losses.
- In 2021, wildfires and tornadoes were up, and while there were fewer hurricanes and tropical storms than in 2020, it was still considered a hurricane season with above-average activity.
- Winter storms in 2021 caused a record $15 billion in insured losses up from $1 billion in 2020, almost entirely due to two storms in February.