Market growth in recent years to help Puerto Rico insurers absorb Hurricane Ernesto losses

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<title>Market growth in recent years to help Puerto Rico insurers absorb Hurricane Ernesto losses</title>
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<namePart>A.M. Best Company</namePart>
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<publisher>AM Best Company</publisher>
<dateIssued>2024</dateIssued>
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<abstract displayLabel="Summary">Favorable earnings have bolstered capital, and ceded premiums have increased -- Principal takeaways -- Storm surge responsible for majority of damage -- Rising premium since 2017 -- Use of reinsurance on the rise</abstract>
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<topic>Mercado de seguros</topic>
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<topic>Huracanes</topic>
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<topic>Desarrollo del seguro</topic>
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<topic>Catástrofes naturales</topic>
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<topic>Reaseguro</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080638283">
<geographic>Puerto Rico</geographic>
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<title>Best's Commentary</title>
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