Hurricane Dorian Estimated To Cause $25 Billion In Insurance Losses

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Hurricane Dorian will cause insurance industry losses of at least $25 billion, according to analysts at Swiss investment bank UBS Group AG.

But if the Category 5 storm hits the eastern coast of Florida, it could inflict losses of up to $40 billion, according to the analysts, Bloomberg News reported.

The last natural disaster to cause more than $25 billion of insured damages was Hurricane Maria in 2017, according to Munich Re, which compiles a database of the biggest losses.

Read more at THE NY POST.

{Matzav.com}

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