While the investment community continues to be harsh on general economy stocks, there is a bullish sentiment circulating regarding insurance stocks, and in particular reinsurance stocks.
Standard & Poor's says that globally, reinsurers have $280 billion in capital on hand, and can easily raise more money through equity and bond markets if needed because the perception among investors is that the insurance industry does very well following a catastrophe. This is born out by a study of the insurance industry following large disasters such as the 1992 Hurricane Andrew disaster or the 1994 Nort...
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