Reported 18 days ago
Zurich Insurance Group announced that the financial impact from Hurricanes Helene and Milton will be less than $360 million, despite the expected overall insured losses reaching up to $55 billion. The company highlighted the growing challenge of secondary perils like storms and floods, which are increasingly affecting financial results. Following reported damages, Zurich's shares rose 0.9%, and the firm plans to release new three-year financial targets on Nov. 21.
Source: YAHOO