From Convective Storms to Flood the Growing Impact of Secondary Insurance Perils

From convective storms to flood: The growing impact of secondary insurance perils

While natural catastrophes such as hurricanes and earthquakes grab all the headlines, secondary perils including flood, convective storms and wildfires lurk in the shadows, posing significant threats to businesses and individuals alike.

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Published 05/02/2024

From convective storms to flood: The growing impact of secondary insurance perils

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In a one-hour AM Best webinar sponsored by Munich Re US, an expert panel will unravel the complexities of secondary perils (also known as non-peak perils), exploring their nature, impact, and mitigation strategies.

Key Points Covered:

Defining Secondary Insurance Perils: Discover what constitutes secondary perils and how they differ from primary risks.
Identifying Secondary Perils: Explore a range of secondary perils commonly encountered.
Impact on Insurance Coverage: Understand how secondary perils can impact insurance coverage and claims processes.
Mitigation Strategies: Learn proactive approaches to mitigate the risks posed by secondary perils and safeguard your assets.
Lessons Learned: Gain valuable insights from real-world examples illustrating the consequences of overlooking secondary perils.

Panelists:

Tehya Duckworth, SVP/Property Underwriting Manager, Munich Re US
Joe Bonanno, SVP/E&S Property Underwriting Manager - Northeast and Midwest, Munich Re Specialty Insurance
Sean Kevelighan, CEO, Insurance Information Institute

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