This May be a Good Time to Check Homeowners Insurance Quotes
A leading industry group is assuring consumers that they can shop in comfort for homeowners insurance quotes as the hurricane season gets underway.
According to the Insurance Information Institute, the property/casualty insurance industry is financially well-positioned for the hurricane season that generally starts at the beginning of June and runs through the fall.
"The basic explanation for the resilience and strength that P/C insurers have demonstrated during the current and countless past financial crises are attributable to a deeply entrenched and conservative operating philosophy that leads directly to superior risk management strategies," said Dr. Robert Hartwig, the organization's president.
Despite difficult market and investment conditions last year, the P/C insurance industry as a whole did manage to remain profitable at the end of last year, with a net income of $2.4 billion compared to $62.5 billion the previous year.
In fact, the I.I.I. says that insurers are in a stronger capital position now than they were right before many other significant catastrophic events of the last 25 years. The organization also notes that in 2008, Hurricane Ike accounted for 40 percent of all catastrophe losses, having been the fourth most expensive hurricane in U.S. history.
With major weather events potentially around the corner, it may be a good time to consider checking some homeowners insurance quotes.
For homeowners insurance that will deliver peace of mind, visit InsureMe.com today.
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