Many thought 2020 would be a year unlike any other. The COVID-19 pandemic and unprecedented rise in major storms seemed like a once-in-a-lifetime events. However, 2021 proved that not to be the case. In 2021, the pandemic continued to wreak havoc, storm events were unrelenting and the hard market in the insurance industry was propelled forward through low interest rates and high social inflation.
Below is an easy-to-read synopsis of the events and statistics.