With June 1 marking the start of another busy Atlantic hurricane season, insurers are better prepared, should the big one strike, according to a consultant.
David Langdon, vice president with the consulting firm Towers Perrin's reinsurance business out of Hartford, Conn., said that since 2005 insurers have become more prepared for a catastrophic event with better management of their concentration of risks and development of claims handling capabilities to improve efficiency.
“They will be prepared,” he said.
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