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Top 5 Reasons for Losses from Catastrophic Storms or Hurricanes

Top 5 Reasons for Losses from Catastrophic Storms or Hurricanes

September 5, 2018 – New Hartford, New York
The 2017 hurricane season was the most expensive in U.S. history with over $200 billion in damages. The National Oceanic and Atmospheric Administration Climate Prediction Center forecasts the 2018 season to also be active. Utica National Insurance Group has released the top five reason for losses from catastrophic storms or hurricanes based on their data from January, 2017 through March, 2018.

The top 5 losses were caused by the following:

  1. Wind damage
  2. Surface water flooding or storm surge
  3. Damage from fallen trees or large limbs
  4. Danger of flying objects in strong winds
  5. Water damage, specifically infiltration through roofs

This information comes from over 1,800 catastrophe-related claims to Utica National. The company has produced a safety video outlining the reasons for loss and offering tips to help homeowners and business owners prepare for potential future large storms or hurricanes. 

"At Utica National, our Risk Management team works to help people and businesses prepare for a catastrophic event before it happens," said President and Chief Executive Officer Rich Creedon. "Our video offers tips to help homeowners and businesses prevent losses from the top contributing factors. These tips are important all year, but especially during hurricane season."

View the video on Utica National’s YouTube page.

About Utica National Insurance Group

Utica National Insurance Group is a nationally recognized insurer, providing personal and commercial insurance products and services, with the second-largest errors and omissions business in the United States. Utica National sells its products through more than 2,500 independent insurance agents and employees over 1,200 people countrywide. The company was founded in 1914 and is headquartered in New Hartford, New York, with seven regional offices.