Reported 28 days ago
According to a preliminary estimate by Gallagher Re, insurance losses from Hurricane Francine are projected to remain manageable for the industry, likely in the low single-digit billions. The hurricane, which poses a threat to the Gulf Coast, has led to significant production shutdowns and evacuation orders. The potential financial hit could increase if the storm's trajectory shifts towards more populated areas. These findings may provide reassurance amid concerns over recent weather-related claims.
Source: YAHOO