High Net Worth Outlook 2021: Catastrophic Claims Threaten Lifestyle and Legacy

The frequency of $1 billion+ dollar weather and climate events in the U.S. have more than doubled in the last two decades. For properties in high-loss areas, this could mean more than a 30% across-the-board policy rate increase. For high net worth homeowners, it means comprehensive insurance coverage needs to be top of mind ahead of a new home purchase and understanding how the insurance market will further impact them.