Opinion: Harvey and market fundamentals

With Harvey still adeveloping flood event, and the scale of coastal wind damage
far from clear, it is impossible at this stage to give a clear
sense of the insured loss quantum.
However, it is already abundantly apparent that (re)insurers
will be forced to absorb a significant hit, with scope for this to
become the biggest single insured loss event in the world since
2012's Superstorm Sandy.
US commercial insurance writers from the nationwides to
Lloyd's syndicates will run...