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While no year is a good one to have a major storm cripple U.S. Gulf crude and gasoline output, the impact in 2022 would have been disastrous.
In a complementary campaign, IICF Southeast is hosting a Fill the Truck food drive through November 10, 2022.
National Flood Insurance Program and private insurance losses are expected to range from $8B-$18B, according to CoreLogic.
S&P Global Ratings reported that the insurance industry should be able to manage insured losses.
Hurricane Ian, one of the costliest storms in U.S. history, is expected to result in $70B-$120B in economic damages.
Insurance technology news from Duck Creek Technologies, CoreLogic, CoverTree and more.
The early estimates come as Ian is expected to move into the Carolinas and cause further havoc up the east coast.
If the hurricane continues to intensify, CoreLogic warns over 1 million Floridian homes could be at risk.
The latest P&C industry personnel news from Swiss Re Corporate Solutions, Canopius Group, Prism Specialties and more.
Although private flood insurance has grown in recent years, it remains less than 1% of direct premiums written, Fitch Ratings reported.
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