Battening down the hatches

The official start of the hurricane season is an unofficial warning to those in North America and the Caribbean to make sure they are prepared. For insurers in the Florida market, the start of hurricane season is the time to have all risk transfer (whether backed by the Florida Hurricane Catastrophe Fund, traditional reinsurers or capital markets capacity) in place. Insurers also rededicate their claims handling teams to provide responsive service under high volume conditions.