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Hurricane season is here. Are P&C insurers still prepared for the worst?

After several seasons free of major catastrophes, here a gut-check on whether property and casualty insurers expect a pendulum swing and how they would respond.

By Phil Gusman | Updated on July 05, 2016

After three years of below-normal hurricane activity — and 10 years without a major hurricane (Category 3 or higher) making U.S. landfall — the National Oceanic and Atmospheric Administration is predicting a “near normal” hurricane season in 2016.

Of course, there were two named storms before the official June 1 start to the season: Alex, which formed over the far eastern Atlantic in January; and Bonnie, a tropical storm that brought heavy rain to parts of South Carolina in late May.

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