A.M. Best Comments on Hurricane Matthew’s Potential Impact on U.S. Property/Casualty Industry
The most recent track of Matthew has the storm path running nearly parallel with Florida’s
Tropical storm activity in
For rated entities, A.M. Best’s Credit Rating (rating) assessment includes a risk-adjusted view of overall capitalization that incorporates a reasonably severe event, as well as detailed analysis of insurer’s catastrophe reinsurance programs. As catastrophic events have already been factored into the analysis,
Although company loss estimates will take time to accumulate,
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