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Business interruption losses could escalate hurricane insured losses


According to U.S.-based A.M. Best Co. Inc., business interruption claims are expected to drive insured and reinsured losses from Hurricane Fiona higher as companies struggle to restart operations in the wake of the massive storm, Artemis reported. A.M. Best expects the “storm to be more of an earnings event for the insurance industry as most losses would be caused by flood.”


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