Mike Switzer of South Carolina Public Radio interviews Robert Hartwig, professor of finance and insurance at the University of South Carolina, on the economic damage of recent hurricanes. Hartwig states that 2024 will be a near-record year for insured catastrophe losses and goes on to discuss the effects on insurance rates. They also discuss how these economic losses will affect homeowners’ insurance and how both home and business owners may change their policies going forward to prepare for future catastrophes. Hear more from this interview by clicking here.