Summer means it's time for another hurricane season. The insurance industry hasn't faced a heavy storm season in several years and Howard Mills, director and chief advisor for the insurance industry group at Deloitte, believes carriers have been able to adequately build up their reserves in preparation for the next big storm.
"The insurance industry is very well positioned," says Mills. "Risk management is their business and their performance throughout the economic crisis demonstrated they are doing a good job at risk management. Reserves are at a very good place, especially the property/casualty industry."
(Mills and Tech Decisions editor in chief Bob Hyle discussed risk management issues in a podcast that can be found by clicking here.)
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