U.S. Insurers Financially Prepared for Hurricanes in 2013: Fitch

There is sufficient capacity available in insurance and reinsurance markets to provide sufficient coverage and withstand potential losses from hurricane related perils this storm season, according to Fitch Ratings’ annual hurricane season report. Early forecasts for the 2013 U.S. hurricane season predict that the North Atlantic Basin is more likely to experience above-average hurricane frequency relative to long-term results, as a number of environmental forces appear positioned to produce above-average storm activity.