Rob McIsaac // September 30, 2024 
(Flooding in Henderson County, North Carolina caused by Hurricane Helene. Image source: North Carolina DOT.)
In August of 1992, I was work with Prudential’s Property & Casualty insurance company. On one fateful morning, things changed forever. Hurricane Andrew came ashore as a Cat 5 storm, cutting a deeply destructive path across Southern Florida. We took $1.7 billion in pre tax losses. It was a stunning event which led to changes in the Florida market which ultimately made it too high a risk for us to sustain. PruPac was eventually sold to Liberty