Perfect Storm of Storms hitting the P&C sector

Unfortunately, storms are continuing across the country. A record number of tornados are touching down and causing the property and casualty insurance market to be alarmed. The pace of disasters occuring will most likely hit insurers bottom lines this year, and may also erode some surplus. Rates have been extremely soft over the last 5 years and these weather patterns may cause a turn in the market. Though the losses mount up, the insurance industry will be there to help people rebuild their lives. This is what makes this industry vital to our country. It keeps the economy solid and allows people and businesses to re-build and continue to succeed. Regardless of rate changes or profitability, the insurance industry does its job when the time comes. This is what makes what we do rewarding. Until next time be careful out there and know your risks.  K

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