Business News • MarketWire • Weather Forecast for Hurricane Season 2010: Circumvent Insurance Stocks |
Weather Forecast for Hurricane Season 2010: Circumvent Insurance Stocks |
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Weather Forecast for Hurricane Season 2010: Circumvent Insurance Stocks
JOHANNESBURG, SOUTH AFRICA--(Marketwire - April 8, 2010) - www.rothmanresearch.com - Two or three major hurricanes on a total of five is projected to hit the U.S. coasts in the June through November hurricane season. Forecasts from official sources are already indicating a severe and active season, and the word on the street is to steer away from insurance stocks for good reasons. In one of its recent press release, Willis Group Holdings Public Limited Company (NYSE: WSH), stated that climate change is influencing the rate of recurrence and severity of storm activity. Many insurers have come down from cloud 9 ever since the whacking from the 2004-2005 hurricanes seasons, and have started to realize that over the course of many years, their bills could be sour, sourer and sourest.
View More : http://www.marketwire.com/mw/release.do?id=1144648&sourceType=3
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