P/C insurers are ready for catastrophes this year, A.M. Best says

06/3/2013 | Insurance Networking News

Property/casualty insurers have continued their risk-management efforts and acted on the rising frequency of extreme-weather events, making the industry ready to respond to natural catastrophes this year, according to A.M. Best. The industry had stable balance sheets in 2012 despite Hurricane Sandy, and its policyholders' surplus was $598.4 billion, a 6.3% increase, by that year's end, the ratings firm said.

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