Trend Watch Organizations with benefit options will weather the storm and shore up resiliency. From hurricanes to wildfires, extreme weather events continue to impact operations, financial stability and long- term planning across all industries. In 2025, the frequency and intensity of these events are expected to increase, further testing the resilience of multiple industries. There were $62 billion of insured losses in the first half of 10 2024, roughly 70% above the 10-year average. Two-thirds of consumers say extreme weather has impacted their insurance premiums, with 1 in 10 reporting “not confident” 11 With 8.5% of they can afford to renew their policy. mortgage holders going without homeowners insurance Organizations have an opportunity to foster employee 12 relationships by helping them prepare and protect their altogether due to high premiums, lenders and real estate professionals must evaluate how their operations will deal financial health through personal insurance benefit with losses from property damage, the inability to rebuild options. and changes in community dynamics. Adding to the overall risk, along with skyrocketing 10. Insurance Journal, “Extreme Weather Sends Insured Losses 70% insurance premiums due to severe weather, are house Above Historical Norms,” July 31, 2024. hunters who may reconsider construction quality and 11. Fannie Mae, “Consumers Worried about Impact of Extreme Weather on Homes and Insurance Premiums,” April 3, 2024. location before signing on the dotted line. The real 12. NBC News, “1 in 8 U.S. homeowners aren’t protected by estate industry can help itself by presenting would-be homeowners insurance,” September 17, 2024. homeowners and mortgage holders with a range of carrier options and the expert guidance of a broker. Extreme weather also affects employee behavior, and businesses should provide workforce support in these disaster-prone areas. Organizations that serve populations after devastating weather events must prepare to face a growing demand for services. The frequency and severity of such events will drain resources and employee morale. 6