Although Hurricane Michael – currently hitting the Florida Panhandle – has been classified as a Category 4 storm, experts believe the insurance industry can easily handle damages arising from the weather event.
“The industry is over-capitalized by over $150 billion,” Wells Fargo Securities insurance analyst Elyse Greenspan told Yahoo Finance.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.