In its new report titled “Exploring Property and Exposure Trends,” and as part of its “Storm Dynamics and the Reinsurance Industry” series, Lockton Re delves into the evolving dynamics of property exposure and their impact on the reinsurance industry, with a particular focus on hurricanes and the changing nature of residential and commercial structures in terms of their resilience to storm damage.
Claude Yoder, global head of analytics at Lockton Re, highlights the significant shift in hurricane-related losses since 1992. He notes that seven hurricanes have surpassed the inflation-adjusted loss record set by Hurricane Andrew, with six of these occurring in the last seven years.
