Study: Hurricanes depress firms’ market caps

A NEW STUDY concluded that companies unprepared for storm damage, such as that delivered during the 2012 landfall of Sandy in Westerly, lost 5% of their market capitalization over the year after the storm, / PBN FILE PHOTO/BRIAN MCDONALD
A NEW STUDY concluded that companies unprepared for storm damage, such as that delivered during the 2012 landfall of Sandy in Westerly, lost 5% of their market capitalization over the year after the storm, / PBN FILE PHOTO/BRIAN MCDONALD
  JOHNSTON – A new study commissioned by FM Global links hurricane damage to a loss in enterprise value. Dozens of large, publicly traded companies that reported hurricane-related financial damage to the U.S. Securities and Exchange Commission in their annual 10-K statements collectively lost 5% of their market capitalization during the year after the storms.…

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