Filed Under:Agent Broker, Personal Lines Business

Hurricane Arthur: Unique in some ways, but not a big loss generator

Hurricane Arthur, the first tropical cyclone of the Atlantic Hurricane Season and the first hurricane to make U.S. landfall since Sandy in 2012, is not expected to produce losses exceeding $250 million from wind and coastal flooding, RMS says.

In a blog post Verisk’s website, Ted Gregory, manager of Verisk’s Property Claim Services, set the bar for losses even lower, saying the storm did not cause enough damage to be labeled a catastrophe.

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