Despite the brief respite from hurricanes hitting the U.S. coast in 2006, carriers can expect an increase in storm losses in the coming years, according to two reports issued this week.
Rick Clinton, president of Oakland, Calif.-based EQECAT Inc., said during the “near-term” of the next ten years the storm risk will be higher than the long-term average derived from more than 100 years of data.
“We believe this assessment should be considered by insurance companies, policyholders, rating agencies, investors and regulators as we move through future hurricane seasons,” he said.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.