Waiting for a $250bn industry loss


Waiting for a $250bn industry loss

iStock/ Cigdemhizal

A $250 billion industry loss may be needed to turn the market after a combination of hurricanes, earthquakes and wildfires costing the insurance industry over $140 billion in 2017 resulted in only moderate rate increases, according to broker JLT.

JLT, Insurance, Reinsurance, Market loss, Hurricanes, Catastrophe, Wildfires, David Flandro, Global

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