Hurricane season likely to be quiet for P&C insurers
The past few years have been relatively quiet in terms of the number of hurricanes which have made landfall in the U.S., following the major problems caused as Hurricane Sandy rampaged up the East Coast in 2012 and did significant damage.
2013 was a great year for P&C insurers
After an extremely difficult 2012, and some lean years both during and immediately following the end of the recent recession, many property and casualty insurance companies across the U.S. have found themselves in some uncomfortable financial positions.
Coastal areas could see more appreciable insurance costs
Following the significant amount of damage done by a number of natural disasters across the country last year, federal lawmakers overhauled the nation's flood insurance program, but that has now led to significant premium hikes for hundreds of thousands of people nationwide.