Hurricane Isaias May Cost Insurers Billions
Bloomberg Intelligence Senior Insurance Equity Analyst Matthew Palazola tells Bloomberg This Weekend that Hurricane Isaias could generate insured losses in the single-digit billions of dollars, with stronger Florida building codes potentially limiting damage despite rising property values. Speaking with hosts David Gura and Christina Ruffini, Palazola says two relatively mild hurricane seasons have helped insurers rebuild capital, while recent Florida insurance reforms have improved market conditions but have yet to face a major test. (Source: Bloomberg)