NU Online News Service, June 4, 3:23 p.m. EDT
The U.S. property-casualty insurance market would be able to handle another Katrina-like event this year, and there is capacity to issue catastrophe bonds post-event, representatives from Swiss Re said.
They voiced those views at an Insurance Information Institute (I.I.I)/Swiss Re webinar today titled, "2009 Hurricane Season: Financing Catastrophe Risks Amid the Economic Crisis."
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