Opinion: P&C Pollyannas

Investors in P&C stocks are displaying levels of optimism
last seen during the presidency of Woodrow Wilson, when fictional
orphan Pollyanna spread good cheer and positivity among the
citizens of Vermont.
Since Harvey struck Texas on 25 August, before bringing flooding
to Houston and elsewhere, there have been isolated routs as North
Atlantic hurricanes gyrated. But no sustained sell-off has
afflicted the sector.
On Tuesday (26 September) P&C investors were sanguine, even
after AIR World