5. "Quiet Record Year" Yields Huge Natural Catastrophe Insurance Losses - Highlights - From Convective Storms to Flood: The Growing Impact of Secondary Insurance Perils

8. Clients Demand Clarity on Insurers' Risk Assessments

The primary question clients ask is about the insurance company's view of risk, particularly because there is no standard approach to pricing, capacity, or terms and conditions for non-peak perils.

9. Policyholders Become Their Own Risk Managers

The insurance industry is increasingly communicating with policyholders and the public about non-peak perils as more severe events and losses occur.

4. Beyond Models: The Importance of Underwriting in Non-Peak Perils

Underwriting is no longer as simple as relying on tools or models to generate an adequate number.

2. Neighboritis: The Social Phenomenon Driving Up Insurance Costs

Non-peak peril trends include inflation, exposure growth, suburban sprawl, deferred maintenance, building in the Wildland-Urban Interface, increased precipitation, extreme heat waves, and social phenomena like "neighboritis" and legal system abuse.