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Hurricane Dorian could hit the insurance industry with more than $25 billion in losses, UBS says

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The storm could bring as much as $40 billion in damages, analysts wrote. Reinsurers might boost prices if the hurricane wipes out capital reserves.

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AnnW326 I don't feel sorry for the insurance companies at all.. rather, I feel sorry for those who will have to file claims, and deal with said insurance companies.

AnnW326 Trump already put his claims in for all his golf courses even the One in Ireland lol

Well that’s personal. Insurance companies are made just for that. I don’t feel sorry, spread the wealth 😂

So basically - premiums will go up in high risk areas to compensate. The people who need the insurance won’t be able to pay the increased premium so the tax payers will.

is an Act of God covered? ... hmm, thought not,lol

If by 'losses' they mean reimbursing customers in accordance with the policies that the customers paid the insurance companies for, then isn't that actually fulfillment of a contract and not a 'loss'?

It's a huge loss for insurance industry

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Hurricane Dorian is on track to cause 'at least' $25 billion in damages according to one insurance company.The 'most expensive natural disaster' since 2017 could cost as much as $40 billion to repair if the category 5 storm makes landfall in Florida. Forgot about hurricane Michael last year the category 5 that hit Florida Who holds the keys to the kingdom of God What about people and not money? How many die?
Source: Newsweek - 🏆 468. / 52 Read more »