Industry News
Largest Natural Catastrophe Losses Since 2017, this Quarter
Experts say these loss projections exceed many individual company catastrophe budgets and further pressure full-year 2020 earnings.
The U.S. P&C industry’s reported this year’s third-quarter natural catastrophe losses will be the largest since Q3 2017, according to a new report from Fitch Ratings.
The quarter was marked by an extremely active hurricane season combined with another record-breaking California wildfire season that fueled heavy losses.
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