In a report to be released next month, titled Stormy Future for U.S. Property and Casualty Insurers, we will detail our recommendations for insurance companies, investors and regulators to help strengthen the insurance sector so it can better weather the challenges ahead.

FORBES: Wild Weather A New Normal And Insurance Companies Must Act

These bonds, which began arriving after Hurricane Andrew blew through in 1992, are issued by insurance companies, which take the premiums on property and casualty policies, bundle them, then sell the products to investors at attractive interest rates.

FORBES: Magazine Article

His top choices in the group are Hartford Financial Services (HIG), one of the largest U.S. multi-line insurance holding companies and a leading property-and-casualty insurer, and Prudential Financial (PRU), which provides a wide range of insurance, investment management, and other financial products and services.

FORBES: Ray of Optimism: Energy, Durable-Goods, And Insurance Stocks Are Irresistibly Inexpensive

The nature of insurance means that companies can generally control their exposure to catastrophic risks: most property and casualty policies last only one year, and many firms have limits on exposure.

ECONOMIST: Insuring against climate change

Stormy Future for U.S. Property and Casualty Insurers: The Growing Costs and Risks of Extreme Weather Events lays out a plan of action for insurance companies, regulators and investors to deal with the increased risks tied to climate-driven disaster.

FORBES: Climate-Proofing The Insurance Industry