It is indisputable that 2017 has been a challenging year in regards to natural disasters. Hurricane Harvey wrought more than $180 billion in damage to Texas, while Hurricane Maria cost upwards of $95 billion, according to some estimates. With California wildfires raging from north to south and Moody’s now factoring in climate change-related damages into its municipal bond stability forecasts, the stability of the reinsurance idustry might now seem in question. But that does not appear to be an issue, according to a December report on insurance stability.
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After one of the worst quarters in reinsurance history, 2017 expected to be a largely profitable year
The third quarter of 2017...
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