Insured Hurricane Dorian damage could bring $25 billion in losses to the industry

Hurricane Dorian Damage - Damage from Hurricane

UBS research shows that insurers may face tens of billions in losses because of the intense storm. Hurricane Dorian damage may cost over $25 billion in claims payouts from insurance companies, according to international financial services firm U.B.S. Damage to the Bahamas, the US coast and Canada was widespread and substantial. The bank had initially predicted that there would be between $5 and $40 billion in damage caused by the storm. More recently, U.B.S. narrowed its forecast to $15 billion as more specific Hurricane Dorian damage data became available. Now,…

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