New York--Carriers can absorb Hurricane Katrina's losses with little impact on the current soft market cycle, according to insurance executives speaking at an industry gathering here.
The observations came Saturday at a panel discussion at the Young Agents Conference held during the Independent Insurance Agents & Brokers of America's annual conference.
Executives said insurers have the ability to withstand the affects of Katrina this year just as they did with the hurricanes of 2004.
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