The Hurricane Next Time – Sandy’s New Normal
The Hurricane Next Time
Three months have passed since Hurricane Sandy’s disastrous consequences. The passage of time, combined with a quiet 2013 (thus far), can tempt us to forget Sandy’s lessons. Speaking before the Property Casualty Insurance Association of America, historical climatologist Evelyn Browning Garriss recommends otherwise.
- She warned there is a “new normal” in weather patterns. “We are going to see slow, wet storms, and a lot of them,” she advised, giving the following reasons:
- In addition to the water in the Atlantic being warmer than normal in 2012, the warm water arrived six weeks early. Coastal temperatures in May reached levels normally experienced in July.Just as Sandy drew its energy from warm water, future East Coast storms will do the same. Warm water will magnify the size of these storms. What’s more, they will be slower to leave following their arrival. “We have never seen the waters off the East Coast as hot as they were in 2012,” she said.
With the final cost of Hurricane Sandy expected to exceed $60 billion, this is too expensive a lesson to waste. The time for preparation is now, including a thorough review of all of your insurance coverages. We have had numerous coverage inquiries from businesses who suffered loss following Sandy. If you need expertise and clarity in the claims area, please call us.
KMRD reduces the overall cost of risk for clients by producing a greater value for each insurance dollar spent, while utilizing an enterprise risk management approach to engineer the optimal solution. The firm’s diagnostic process is supported by its unique collaborative technology, KMRD XCHANGE ®
We are dedicated to anticipating risk and helping firms recover from unplanned events that wait on the other side of one minute from normal. Hurricane Sandy and its aftermath are all the reinforcement of this issue anyone should want or need.
To identify and correct coverage and service gaps in your insurance contact us at contactus@kmrdpartners.com before one minute from normal strikes your company.
