Commentary: Northeast should improve its hurricane readiness

11/21/2013 | Carrier Management online

Storms such as the 1938 hurricane that hit New England were stronger than Hurricane Sandy, and weather events of such magnitude could hit the region in the future, writes Tim Doggett of AIR Worldwide. Historical trends show that the mean recurrence interval for major hurricanes is about 27 years, Doggett writes. "While the insurance industry has been able to absorb the blow of Sandy's multibillion-dollar price tag, the damage and dislocations the storm inflicted and the resulting claims settlement and flood coverage issues reveal that the Northeast needs to be better prepared," he writes.

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