Handling catastrophic claims caused by hurricanes is a standard part of our business, and Vector Risk Solutions’ independent adjusters have both experience and well-honed procedures to handle these claims quickly and smoothly. Even though these claims are routine because we expect and prepare for them every year, the devastation hurricanes create is anything but routine to insureds with damaged and destroyed buildings, interrupted businesses, and even injuries and loss of life. When you need fast claims resolution during the 2020 hurricane season, Vector Risk Solutions is standing by to ensure a quick inspection and complete resolution for you and your policyholders.
Recent Hurricane Activity and Damages
According to the National Oceanic and Atmospheric Administration, 2019 marked a fourth consecutive year of above-average hurricane activity. The only other such period came in 1998-2001, during which Hurricane Floyd wreaked an estimated $6.5 billion in damages and 76 fatalities on its path starting on the coast of Africa, followed by slamming into the Bahamas before careening up the Mid-Atlantic to New England. Three years ago (2017) we experienced the fourth worst Atlantic hurricane season on record during the satellite era, according to Weather.com, during which three Category 4 hurricanes, Harvey, Irma, and Maria, caused an estimated quarter-trillion dollars of property damage in the US. That’s a huge amount of adjusting, and Vector Risk Solutions’ independent adjusters were in high demand as insurers worked overtime to settle record numbers of claims.
Hurricane Season Forecasts for 2020
Forecasters at Colorado State University also predict above-average hurricane activity in 2020, with an expected 16 named tropical storms developing into eight hurricanes, four of which are expected to be major storms in Categories 3, 4, and 5. (By contrast, an average hurricane season consists of 12 named tropical storms resulting in six hurricanes.) Meteorologists base their 2020 hurricane forecasts partly on weak El Niño effects this past winter and the possible appearance of La Niña, which typically heralds increased hurricane activity, as it did in 1998-2001. Click here to see the effect of La Niña on the four previous years of consecutive hurricanes.
VECTOR RISK SOLUTIONS AT YOUR SIDE
So what’s all this meteorology got to do with us? You already know – no matter what the experts say, storms are going to blow and tons of damage claims are going to pour in; claims need speed and accuracy to resolve. Who do you call? Since you want fast, expert adjusting that makes you the hurricane claims hero, you’re going to put Vector Risk Solutions on speed dial. Come hurricane season 2020, you’ll be glad you did.
Want to know more about our Catastrophe claim services? Email us at info@vectorrisksolutions.com
Information about previous hurricanes:
https://en.wikipedia.org/wiki/List_of_United_States_hurricanes
https://en.wikipedia.org/wiki/Hurricane_Harvey https://en.wikipedia.org/wiki/2017_Atlantic_hurricane_season
Additional 2020 hurricane forecasts: