There has been a lot of speculation of carbon fiber masts and lightning. There is an article in the latest Professional Boat Builder magazine about the study done by a professional surveyer of a carbon fiber mast that was struck by lightning. His survey indicated that the mast sustained very little damage and was still insureable for insurance. The mast was over a 100 ft long and quite expensive to replace. It made a very interesting story and provides some knowledge to carbon fiber masts.
Harv s/v Invicta II, F-25, #50