Reuters: The 2013 Atlantic storm season has proved one of the quietest in decades with the lowest number of hurricanes since 1982 and none of them considered 'major', according to insurance broker Willis Re.
An unusually quiet hurricane season is significant for the insurance industry not only because there are fewer pay-outs for damage but also because it drives down reinsurance prices.
The Atlantic hurricane season is closely watched by insurers because a destructive storm can hit prosperous, heavily...