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HNW Insurance Market Notes - May 2024

AND TOTO TOO

Following a chaotic swarm of twisting storms in its final week, April’s tornado count in the United States climbed to at least 300, the second-highest in the month on record.

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THE OTHER 50%...IN DENIAL


Nearly 50% of homeowners are concerned about extreme weather and the effect it has on their homes, a Fannie Mae study found. Heat and excessive wind are two of the factors homeowners

are especially concerned about.


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IN FLORIDA...THERE'S 'TALK' OF DOING SOMETHING

Talk has generally suggested that Gov. Ron DeSantis and legislative leaders could call lawmakers to Tallahassee before the Governor signs the state budget, leaving significant leverage over members advocating for local projects during an election year.

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