Re/insurers face up to $35bn losses from major Cat-4 hurricane Ian, early estimates suggest

29-09-2022

Re/insurers face up to $35bn losses from major Cat-4 hurricane Ian, early estimates suggest

Major hurricane Ian that made its Florida landfall at Category 4 status near Cayo Costa on Wednesday (September 28) could cost re/insurers up to $35 billion, placing pressure on reinsurance pricing leading into 1.1 renewals. Ian caused heavy damage from storm surge flooding and winds at some 150 mph.


Hurricane Ian, Insured losses, Florida, Nat cat, Insurance, Reinsurance, Morgan Stanley, North America

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