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A recent report by Aon Benfield Group Inc.'s Impact Forecasting unit said the recent winter storm that hit nations in the Middle East caused $100 million in economic losses, reports Middle East Insurance Review.
The storm – characterized by rain, hail and snows – hit roads and airports and also led to many ports being closed.
Many banks and shops were shut in Lebanon during the storm.
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6. Inflation drives 10% increase in sum insured for windstorms