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Anyone buying insurance(put options) - Irene?


Gopinath
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Anyone buying insurance(put options) for insurance companies exposure(Irene)? there may be some losses for these insurance companies..any thoughts?

 

That would be a sucker bet.  P&C company stock prices generally go up after a bad hurricane. 

 

I'll be surprised if this storm turns out to be as bad as the commentators make it out to be, unless it hits NYC at the most vulnerable spot, directly to the west of Gotham, because the storm isn't as energetic as the most damaging storms have been.

 

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