Skip to main content

As the situation in Ukraine evolves, businesses should be mindful of potential risks to their people, assets, operations, or supply chains in the region and globally. Marsh, as part of the Marsh McLennan family of companies, has created a page with information, tools, and resources related to the Russia-Ukraine conflict. Please visit the page for the latest information.

June 28, 2023

Stephen McCord contributes article to PropertyCasualty360

According to the National Oceanic and Atmospheric Administration, the U.S. experienced 18 separate weather and climate disasters in 2022 resulting in at least $1 billion in damages. Furthermore, the United States Geological Survey predicts that, in California, about half a million people and $100 billion worth of property on the coast will be at risk during the next century. 

The continued upward trend in the frequency and severity of extreme weather-related catastrophic events has resulted in a lack of carrier capacity. This is enhanced by rising rates and a pattern of properties not being valued correctly. All of this is according to Stephen McCord, regional sales leader and senior vice president of real estate and hospitality at Marsh McLennan Agency. Stephen recently contributed an article to PropertyCasualty360 diving into the impact of CAT risk on coastal properties.

Visit PropertyCasualty360 to read the full article.