Storm Season in the Home Stretch

As we enter the final month of the hurricane season, we can only hope we have gotten through the worst of things. While it seemed to many that catastrophes in the U.S. could have been worse, the financial analysis done by SNL Insurance tells us that the second quarter of 2011 was the second worst performance in industry loss ration since 2001, with a figure of 70.6 percent.

The second quarter problems were based largely on the damaging tornados that devastated the south and southwest this spring. The damage from Hurricane Irene happened in the third quarter, so we’ve got something else to look forward to.