From Dow Jones & Company:

Insurance rates for catastrophic events like hurricanes and earthquakes may not be getting cheaper, but there may be more coverage coming to alleviate the troubled insurance market. Rising interest rates last year led to a slower influx of capital into reinsurance, giving reinsurers the upper hand in pricing negotiations. This came after several years of struggles to keep up with rising losses on global catastrophes, forcing primary insurers to bear more of their own risk. This could ultimately impact the cost and availability of insurance coverage for individuals and businesses in areas prone to natural disasters.



Read more: The Insurance Market Is Healing