Workers secure plywood to businessexteriors ahead of Hurricane Florence in Wilmington, NorthCarolina. Besides millions of residents affected by winds andflooding, the markets are also anticipating a hit. (Photo: CharlesMostoller/Bloomberg)

(Bloomberg) –The punch packed by Hurricane Florence is alreadyrattling markets from stocks to bonds.

The massive storm — which is forcing more than 1 million peopleto flee and could wreak as much as $27 billion in damages as itcuts a path through the states of Georgia and the Carolinas — hasstruck insurance companies' shares and funds holding catastrophebonds as investors try to get ahead of the potential disaster.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events
  • Access to other award-winning ALM websites including and

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.