News & insights

Rising catastrophe risks and regulatory challenges are reshaping homeowners insurance. See how data-driven insights and tech innovation like ExpressProtect are helping carriers deliver flexibility, speed, and superior service in CAT-prone markets.

It's not your imagination. Weather has become more volatile in recent years, and the frequency and severity of convective storms has been on the rise.

Catastrophic events are on the rise. Since 1980, 338 weather and climate disasters have each resulted in a billion-dollar-plus loss, adding up to a staggering $2.295 trillion. With no end to this concerning trend in sight, insurers are taking various approaches to riding out the proverbial storm.

Among the most common and damaging of natural hazards are thunderstorms, also referred to as severe convective storms. Lightning, tornadoes, straight-line winds, hail and torrential rain from these weather events result in substantial property damage.

David Nelson, Executive Vice President, E&S Wholesale for Nationwide, E&S and Specialty, said that surplus lines insurers can respond to the market needs of agents and brokers much more quickly than the standard market.

The risk of extreme wildfires isn't going away anytime soon. Hotter summers and other extreme weather coupled with lingering drought have created the ideal environment for intense, large-scale wildfire events over a longer season, in the U.S. and around the world.

Natural disasters such as wildfires are scary, but having a plan in place can give you peace of mind and a sense of control.

It's not your imagination. Weather has become more volatile in recent years, and the frequency and severity of convective storms has been on the rise.

With catastrophes on the rise and the standard market pulling out of high-risk areas, the prospects for E&S also soar. Learn how Nationwide E&S is using data to create a better-balanced portfolio, it's also creating opportunities for its agency partners to grow their book.