More than 1.5 million people are still without power as Matthew on Sunday brought Hurricane-force wind gusts and flooding to the outer banks of North Carolina, where the storm left at least seven dead.
Approximately 70% of outstanding cat bonds are tied to U.S. hurricanes, according to Bill Dubinsky, who leads the insurance-linked securities practice at Willis Towers Watson Plc.
More than one million Florida homes and businesses were without power on Friday after Hurricane Matthew lashed the coast with high winds and heavy rain.