According to National Oceanic Atmospheric Administration the 2017 hurricane season is predicted to be more active than historical averages when it comes to named storms. They are predicting at least 11 named storms, including April's Tropical Storm Arlene.
With each passing season, community banks face weather-related hazards for which to prepare. Even though it’s still early in the spring season, the country has already seen severe weather patterns across the country. While the costliest product of a thunderstorm is hail, the most violent storm is a tornado. In the United States alone, severe thunderstorms and tornadoes caused over $10 billion in property damage in 2015, with similar trends continuing in 2016.
Each winter, thanks to accumulations of ice and snow, pedestrians risk slipping and falling on sidewalks or in parking lots. When this happens on a commercial property, the owners can be held accountable and may be required to make monetary reparations to the victims. To help prevent customers from being injured on bank property and potentially filing a lawsuit, certain precautions and practical efforts can be taken to maintain property upkeep.
In late July, the U.S. learned that the Zika virus is being transmitted by mosquitos in Southern Florida. The most alarming fact about these pesky insects – formally known as the “Aedes aegypti” mosquito – is that they’ve transmitted viruses such as yellow fever throughout the Gulf Coast for centuries. With mosquito season in full swing, there is no better time than the present for banks to prepare for Zika.