Munich Re, the worlds largest reinsurer, said storms led by Hurricanes Harvey and Irma will probably wipe out third-quarter profit and threaten the companys ability to meet its full-year earnings target.

Jose could easily point directly at North America, a maneuver that would put about $18.8 trillion in property from Maine to Florida in a potentially devastating shadow.

Debris removal under some policies extends property coverage to include removal expenses only for the covered property and resulting only from a covered loss.

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