The significant damages, caused by Hurricane Matthew, will not become the reason for bankrupting US insurance companies. As AmericaRU reports quoting insurancejournal.com, companies have enough capital, so that insurance payments will not empty their money reserves. The special reinsurance programs, which should efficiently absorb the consequences from damages, caused by the disaster, have started.
Hurricane Matthews affected the South-West Coast of the USA in early October. The insurance companies should pay their clients money for damaged houses and farms, failed harvest, broken and drowned cars etc.
According to analysts’ estimates, the sharp increase of insurance payments will likely have significant impact on the profit in the fourth quarter, however, in general, it will not affect insurance companies.
