NEWS & INSIGHTS
Stonybrook Capital Says Hurricane Ian Is Largest-Ever Insured Loss Event at Over $75B
According to Stonybrook Capital, the damage from Hurricane Ian will result in the largest-ever insured loss event in nominal dollars.
The advisory and investment banking firm focused on the insurance industry said the all-in insured loss and loss adjustment expenses (LAE) from Hurricane Ian is over $75 billion – “perhaps significantly over,” Stonybrook added, and that losses represent over 10% of U.S. 2022 P&C industry direct premiums.
Read the full article at InsuranceJournal.com
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