Hurricane Beryl has made history as the earliest Category 5 hurricane on record, marking a turbulent start to the 2024 Atlantic hurricane season. Despite its initial strength and the potential for significant impact, the insurance industry has so far weathered the storm relatively well. However, the season’s outlook suggests that insurers may need to brace for more challenging weather ahead. Early Strength and Managed Impact Beryl’s rapid intensification caught the attention of meteorologists and industry experts alike. The hurricane’s path through the Caribbean caused concern, but the damage trajectory ultimately…
Read MoreHurricane Beryl Impact on the Insurance Industry: An Early Test of Resilience
