Hail, tornadoes, and wildfire, once considered secondary perils, are now becoming major concerns. Given the rising losses resulting from more of these weather events, these risks are moving front and center for insurers.

Once seen as less significant, these perils are now causing real challenges for pricing, risk management, and policy terms. So, how are insurers adapting? What does this shift mean for your coverage in the future?

It’s important for businesses to recognize that these perils can now significantly affect operations, supply chains, and property. As insurers adjust their strategies—changing pricing, risk assessments, and policy terms—staying informed and proactive is crucial.

Listen to Billy Volz, AXA XL’s Premium Property Leader, explain what these changes mean for businesses now and moving forward.

• How secondary perils are becoming major risks for businesses and insurers.
• How the insurance industry is adjusting strategies to address these threats.
• Steps businesses can take to stay protected and proactive.