Insured losses from the severe convective storms (SCS) that occurred between May 14–17, 2025, are estimated to range from $4 billion to $7 billion. According to recent estimates from reinsurance brokers, these storms are likely to rank among the costliest SCS events in U.S. history. “Two large severe weather outbreaks on May 14-17 and May...
The National Council of Compensation Insurance (NCCI) recently published a new study showing the relationship between injury frequency and weather conditions as they relate to workers’ compensation claims. In the study, the NCCI found that employees file 10% more workers’ compensation claims on hot and cold days than on days with moderate temperatures. The data...
Severe convective storms can cause injuries, infrastructure damage and significant financial losses for businesses and their commercial properties. Often accompanied by hail, flooding, strong winds, lightning and abrupt temperature shifts, they are among the costliest types of natural disasters, according to industry research. To reduce potential losses and improve safety, employers should understand the risks...
Understanding their specific winter weather risks plays a vital role in helping businesses make informed decisions and take appropriate actions to protect their employees and property. Doing so also allows businesses to proactively limit potential damage and enhance their overall storm preparedness. Here are steps that businesses can take to assess their winter weather exposures:...