Porch Group anticipates a $18 million catastrophic weather impact in the second quarter of 2023, due to extreme weather events in June.
According to Porch, Q2 is often the worst and riskiest weather quarter of the year for the firm.
“The second quarter of 2023 was on track until extreme weather events occurred, including wind, thunderstorm and hail events in Texas in mid and late June, which resulted in an estimated $5 billion in combined industry-wide claims,” Porch explained.
