(Re)insurers braced for active hurricane season
There is a growing consensus that 2010 will be an active year for the North Atlantic hurricane season after a trio of independent forecasters released respective projections for higher-than average landfall activity.
The estimates are likely to furrow brows among property catastrophe insurers, many of whose balance sheets are still reeling from losses in the first quarter, which was punctuated by unprecedented natural catastrophe activity.
Forecasters at Tropical Storm Risk (TSR) anticipate above-normal US landfalling activity to be very likely,...
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