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International

Insured property losses from UAE floods could reach $850 million

May 02, 2024 Reprints

Guy Carpenter & Co. LLC said that insured property losses arising from the severe floods could reach as high as $850 million, with Dubai seeing the most claims, Middle East Insurance Review reported. The risk and reinsurance specialist added that insurers in the region may see claims related to business interruption, property damage, liability, vehicle repairs, and other types of coverage.

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Insured property losses from UAE floods could reach $850 million

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