Happy Wednesday! In this week's Big I Buzz, we are discussing a recent survey from the Insurance Information Institute and Munich Reinsurance America, Inc. regarding homeowners and weather damage. We'll also cover a great IIAW member benefit that you should consider taking advantage of! 

Most Homeowners That Had Weather Damage in the Past Expect it to Happen Again

A survey conducted by the Insurance Information Institute (Triple-I) and Munich Reinsurance America reveals that 92% of homeowners who have experienced weather-related damages in the past five years anticipate further damages to their homes due to weather in the next decade. Even among homeowners who haven't experienced recent weather damage, 59% still expect to be impacted by weather risks in the coming decade, while only 2% believe they will never face weather-related damages again. 

Thunderstorms are the primary concern for more than half of homeowners and they are the most common and damaging natural catastrophe in the United States. Floods are not a major worry for64% of homeowners, but among those who perceive a flood risk, 78% have purchased flood insurance. Despite the prevalent risk, 60% of homeowners take no action to protect their homes from severe weather. The article emphasizes the need for collaboration between the insurance industry, communities and businesses to promote a resilience mindset focused on pre-emptive mitigation and rapid recovery to address increasing climate risks such as hurricanes and floods. You can read the full article here. 

Discover the comprehensive HR Solutions offered by the IIAW, your go-to Association for success. Take advantage of our partnership with CareerPlug to revolutionize and streamline your agency's hiring process, with a customized Careers page and more. Craft and brand your employee handbook with our expert guidance, promoting fairness and productivity. Set your new hires on the path to success with our extensive training programs and by utilizing our templates perfect for the onboarding process. Leverage our partnership with WAHVE to find experienced remote talent seamlessly. And don't forget to tap into our resources for promoting internships and job opportunities at college RMI Career Fairs. As an IIAW member, you can unlock unparalleled support and growth opportunities for your agency. 

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