Record-setting year for named storms saw increased claims
2020 Hurricane Season Exceeds $1.9 Billion in Claims Paid
Last year saw a historic hurricane season with 30 named storms, 12 of which made landfall in the continental US, breaking the record of 28 named storms in 2005. According to the National Oceanic and Atmospheric Administration, the Atlantic hurricane season runs from June 1 thru November 30. However, the 2020 season began with Tropical Storm Arthur on May 16 - a full two weeks early.
To put it in perspective, in 2019 State Farm received around 6,000 claims from named storms, totaling approximately $26 million. In 2020, claims filed neared 163,000 and exceeded $1.9 billion in cost.
Total Claims Paid | Home & Auto
- Louisiana $1.3 billion
- Alabama $165 million
- Georgia $94 million
- New York $64 million
- Texas $45 million
Hurricanes cause destruction to homes, communities, and lives. It is important to plan and prepare best you can for hurricane season with an evacuation plan, updating insurance documents, and ready-to-go emergency kits.
