> "Insurance companies are often accused of over-reacting to recent data (eg, a recent hurricane will jump up insurance next year). That being said, the insuran

> "Insurance companies are often accused of over-reacting to recent data (eg, a recent hurricane will jump up insurance next year). That being said, the insurance companies are also likely to actually look at the data and dis-regard pr spin when they are on the hook for the damages." Could the surge in prices after a recent hurricane be the insurance company 'cashing in on'/exploiting the irrational reaction of the public, rather than the insurance company itself having an irrational reaction? Insurance companies can only survive long term if they are data-driven, so it seems likely to me that they are reacting rationally (although perhaps coldly) to an irrational market reaction.