officers to protect their communities.
Public entities may find it more difficult to recruit and retain police officers.
They will doubtless deal with training
and equipment designed to protect their
officers, and may have greater premium
increases for workers’ compensation policies. This may not only apply to sworn
officers, but to other public officials such
as the 14 public servants killed at a meeting in San Bernardino in late 2015.
3. Weather events, including major
floods and Hurricane Matthew.
Hurricane Matthew was the first hurricane
to hit Florida in 11 years. Fortunately,
it did not wreak the damage that had
been expected because it remained primarily off of the east coast of the state.
This was little consolation to the people
further up the coast who were affected,
including several who died and many
who sustained damages to their homes
and businesses from the wind and flood-
ing. Some of the worst hit areas were in-
land locations in North Carolina, where
subsequent floods from the heavy rains
reached record levels, killing many and
causing flood damage to homes and
businesses throughout the area.
This has also been a year of multiple
one-in-1,000-year floods. While the cause
for this large number is still under study,
these significant floods occurred in Texas,
West Virginia, Maryland, Arizona, Louisiana, Missouri, and other states. The one-
in-1,000-year description means that the
probability of these occurring was only
0.001. If this large number of significant
floods continues, we may have to find a
new descriptor for this type of event.
Business and insurance implications:
Natural disasters have an obvious impact
on businesses and people, and the insur-
ance industry has long been involved in
financial and physical recoveries after
such events. Unfortunately the physical
damage and related business interrup-
tion negatively impact businesses. There
will be a continuing ebb and flow in the
insurance industry’s response to natural
disasters and premium pricing, depend-
ing upon the locations, frequency and
severity of these events.
One terrible outcome of some of these
natural disasters is the number of people
and businesses who will not be entitled
to insurance proceeds because they were
flooded. Many people find that their
properties were flooded even though their
properties were not in a flood zone. Some
of the flood zones have changed over the
years because of increased building, and it
will be important to update these maps so
that more people can avail themselves of
flood insurance. However, it is even more
important that, when they buy their properties, that they are provided with updated and accurate information about the
probability of flooding on their property.
One Claim At A Time,
and that will never change.”
-William “Bubba” Ryan, CEO
“Earning Your Trust
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Industry Partners love us for the money we save them and
the service we provide to their satisfied customers.
RYTECH- The Industry Leader in
Water Mitigation & Mold Remediation.
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production staff on every job.
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& Restoration to Cost Containment.
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Rytech.indd 1 27/07/15 9:42PM