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Insurers Appear Better Prepared To Weather Hurricane Season Risk

Indeed, since 2005, insurers have become more capable of absorbing a catastrophic event, thanks to better management of their risk concentration, as well as development of more efficient

By Mark E. Ruquet | Updated on June 08, 2008

With June 1 marking the start of what is expected to be another busy Atlantic hurricane season, insurers are better prepared to handle claims should “The Big One” strike, one leading consultant says.

Indeed, since 2005, insurers have become more capable of absorbing a catastrophic event, thanks to better management of their risk concentration, as well as development of more efficient claims-handling capabilities, according to David Langdon, vice president with Towers Perrin’s reinsurance business, based in Hartford. “They will be prepared,” he said.

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