Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting another year of costly severe storms, floods and droughts.

Despite wildfires and hurricanes, insurance stocks have kept pace with the major indices. TD Asset Management's Brandon Merkosky discusses the opportunities and risks for the sector.

Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting another year of costly severe storms, floods and droughts. Damage ...