NEW YORK--With the hurricane season starting today, reinsurers find close to 30 percent of their catastrophe capacity dedicated to Florida, but they are still in good shape to bear a couple of major loss events, said a reinsurance broker.
"All eyes will be watching the sunshine state this summer and fall," said David Priebe, global head of Guy Carpenter's Specialty Groups.
His remarks came during a press conference held today at the offices of New York-based Marsh & McLennan Companies to discuss how commercial clients should prepare for the consequences of a major storm.
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