8 Insurance Industry Impacts of Hurricane Andrew

Technology, regulation, construction and the P&C insurance industry itself all have changed since – and in some instances, because of – Hurricane Andrew, the category 5 storm that made landfall in south Florida on August 24, 1992. Here are eight ways that the catastrophe changed the way insurance companies do business.
August 24, 2012


7. Rude Awakening About Construction

"Andrew was mostly a wind issue, and actually a wakeup call. We didn't find out until Andrew that staples had no capacity to hold that plywood or strand board to the structure."

— Ricardo Alvarez, a researcher who specializes in hurricane protection, noting that most damage was caused by faulty construction.

Source: NPR

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