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A major unexpected loss is likely to make investors think twice before rushing back into alternative capital, so the industry could take longer to recover and prices could rise more sharply
Some hurricanes are worse than others—both for people in the way and the insurance industry that tries to understand storms and put a price on their risks.
Hurricane Florence is highly unusual both because of where it is heading and the storm surges and flooding it might bring. That could be painful for the industry and the alternative capital that has changed the dynamics of catastrophe insurance in the past decade.