The 2018 Hurricane Season, which runs from June 1 to November 30, has been unkind to the southern United States. According to Moodys, Hurricane Florence is estimated to have caused $17 - $22 Billion in property damages. Insurance Journal's early estimates of Hurricane Michael's damage are between $6-$10 Billion.
The good news is that the hotels and resorts in RHA's Property Insurance Program were spared the majority of the damage and will not be submitting property claims. This, of course, does not diminish the losses incurred by some of our Casualty Program members, the strain on our members in the hurricane paths who went through the process of preparation, and in some instances evacuation, and all of the resort employees, many of whom did face personal losses. We hope for
a quick restoration of the impacted areas, and in support of the recovery work, RHA donated to the Red Cross on behalf of our membership.