Insurance

Hurricane season hits increasingly tough insurance market

By Eli Flesch (June 17, 2022, 1:05 p.m. EDT) – A tough market for flood insurance and vulnerable infrastructure and housing are challenges insurers and policyholders face during this year’s hurricane season as that climate change threatens even bigger storms, experts say.

After a busy Atlantic hurricane season that helped make 2021 the third costliest year on record for the insurance industry, climate scientists are once again predicting an above-normal season with the potential for further higher intensity storms. Experts warn that aging infrastructure and population growth in high-risk areas have contributed to some of the biggest losses in decades.

Michael John Miguel, a partner at McKool Smith who represents policyholders, told Law360…

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