Insurers Well Positioned to Face Hurricane Season

Posted on June 28, 2010 by Mark Nation

U.S. Property and casualty insurer have sufficient capitalization to withstand what is predicted to be a busy Atlantic hurricane season.  Ruud Bosman, Vice Chairman of the Board of Directors of FM Global, a major global insurer, told Reuters in an interview that

The global property insurance industry is well capitalized at the moment following strong underwriting results from a successful 2009 for insurers, and recovering financial markets.

Private forecaster WSI expects the 2010 Atlantic hurricane season to produce 20 named storms, 11 hurricanes and five intense hurricanes of category 3 or greater. 

A copy of the full article can be found here: http://www.businessinsurance.com/apps/pbcs.dll/article?AID=/20100628/NEWS01/100629920

 

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