A decade after Hurricane Katrina, things look sunnier for property and casualty insurance companies.
As we discussed on CNBC, property casualty insurers have not faced any major disasters since Hurricane Sandy three years ago.1
This has strengthened the balance sheets of what in the U.S. is a $496 billion industry.
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1 Wikipedia, “List of Natural Disasters in the United States,” Wikipedia.org, August 30, 2015.