Hurricanes Inducing Rise in Insurance Shares?

From Forbes:

Shares of Prudential Financial Inc. surged Tuesday as the insurance sector advanced after Hurricane Gustav passed through the Gulf of Mexico without inflicting massive damage – and the sky-high insurance claims that would have resulted.

Shares spiked $3.73, or 5.1 percent, to $77.44. Shares have traded between $54.70 and $101.45 in the past 12 months.

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