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Fitch Says Hurricane Forecasts Good News for P/C Insurers

Fitch Ratings issued its annual hurricane report, “Hurricane Season 2014: A Desk Reference for Insurance Investors,” citing early forecasts for the 2014 hurricane season's moderate El Niño conditions persisting throughout the year and possibly inhibiting tropical storm formation in the North Atlantic basin...
June 18, 2014

Fitch Ratings issued its annual hurricane report, “Hurricane Season 2014: A Desk Reference for Insurance Investors,” citing early forecasts for the 2014 hurricane season's moderate El Niño conditions persisting throughout the year and possibly inhibiting tropical storm formation in the North Atlantic basin. Fitch says current forecasts and conditions could mean a decreased probability of major loss-inducing storms affecting the property and casualty insurance industry. The ratings firm says the current substantial level of industry capitalization means the industry may not face a negative outlook should catastrophes occur, unless an individual storm loss or a series of significant losses equal to 15 percent or more of industry aggregate surplus occurs.

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