It still must be said: 2020 was a record-breaking year any way you cut it.

The entire world has been dealing with the fallout from COVID-19, the most expansive and deadly pandemic since the 1918 Spanish Flu. After George Floyd’s death in March, riots broke out across 20 states from May to June becoming the costliest riots in U.S. history. The North Atlantic hurricane season started two weeks early and became the most active season on record. The western United States had one of its worse wildfire seasons with a handful of states setting new records for the largest fires in their history. California topped the charts with the country’s largest recorded wildfire burning an area the size of Rhode Island in Northern California. The hurricane strength derecho that tore through the Midwest in August was the largest loss caused by a single event since 1980. Unbeknownst to many, Puerto Rico, Utah and North Carolina all felt their most intense earthquakes since 1918, 1992 and 1926 respectively. The year closed out with the relatively small Nashville bombing, making 2020 a year in which every peril was experienced. Among all these records, the year was marked by an extremely large number of low severity events leading to large retained losses for insurers.