Lloyd's 'After the storms' report focuses on the insurance of hurricane-related risks.
The 2017 hurricane season, aside from the record-breaking losses, generated losses of large magnitude in a number of different classes of insurance and from different types of loss events.
Last year was the costliest year for US natural catastrophes on record due in large part to the very active North Atlantic hurricane season. Combined total economic losses from 2017’s Harvey, Irma, and Maria storms are projected to reach over $200bn. Yet insurance is expected to cover only half of these losses.
As North Atlantic communities brace themselves ahead of this year's hurricane season, our latest report looks back at events from last year to understand what we can learn.