Hurricane Matthew insured losses total $4.5 billion: Aon Benfield

Data from U.K.-based reinsurance broker Aon Benfield Group Ltd. showed that hurricane Matthew caused an estimated loss of $4.5 billion to the insurance and reinsurance industry and an economic loss of almost $15 billion, Artemis.bm reported. The hurricane, which struck in October 2016, caused about $400 million in insured losses in the Bahamas, $80 million in Canada and nearly $30 million in the Caribbean countries.

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