Agency Nation Radio - Insurance Marketing, Sales And Technology

After the Storm: Navigating Claims Following Catastrophes

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Synopsis

One in 10 homes in the U.S. were impacted by natural hazards in 2021, according to CoreLogic. And, according to Swiss Re, insured losses from natural disasters in 2021 again exceeded the previous ten-year average, continuing the trend of an annual 5-6% rise in losses seen in recent decades. Those moments, days and months after an event can bring out the best in an independent insurance agency—if it’s prepared. And as we are well into the 2022 hurricane season, now is an especially good time to be prepared. In this episode of Agency Nation Radio with Independent Agent magazine news editor AnneMarie McPherson Spears, we hear from independent agents on how they steered their communities through the aftermath of catastrophes, even as their own businesses were impacted as well. “Having a good disaster recovery plan…is first and foremost,” says Roy Riley of Peel & Holland Insurance in Benton, Kentucky. “You know, having a plan on how we are going to respond to that. Our agency always lives by the mantra th