Business owners have faced a myriad of challenges in recent years in planning for catastro- phes, natural disasters and extreme weather events, and the spotlight
has been thrust on the importance of
remediation, repair and recovery during
the aftermath of such calamities.
The value of qualified claims profes-
sionals with technical talents and loss
adjusting skills became particularly pro-
nounced in 2017, when two major hur-
ricanes made landfall within weeks of
each other in Texas and Florida. Hurri-
cane Maria landed a catastrophic blow
to Puerto Rico shortly thereafter. In fact,
the 2017 hurricane season went on to
become one of the worst on record with
insured losses from hurricanes Harvey,
Irma and Maria estimated at $92 billion.
Destruction continued this past year
when Hurricane Michael pounded Flo-ridian business owners and residents
in the panhandle region. The October
storm racked up another $16 billion in
The need for property loss adjusters was
magnified again by the scope and intensity
of the California wildfires in November.
Northern California’s “Camp Fire” produced overall losses estimated at $16.5
billion. In addition to lives lost, many saw
their homes, businesses, and possessions
ravaged by flames in a matter of moments.
A catastrophe plan
While images of hurricanes and wildfire destruction have dominated recent
headlines and screen coverage, business
owners cannot afford to ignore other
types of catastrophes and exposures that
can wreak havoc on a widespread basis.
Winter weather conditions can create
property damage arising from excessive
snow accumulation and icy conditions.
In many parts of the country, this is
quickly followed by the spring storm season and the tornadoes, hail storms and
floods that can accompany the warmer
weather. Moreover, earthquakes in certain seismic zones cannot be ignored.
The ongoing possibility and threat of
By Thomas Simoncic