Hurricane Dorian which hit Bahamas could cost insurers $25 billion: UBS

Topics Hurricane

Hurricane Dorian, which battered the Bahamas early on Monday, could cause insurance industry losses of up to $25 billion, according to analysts at UBS.

Dorian, the second-strongest Atlantic storm on record, was forecast to pound the archipelago through the day, then move slowly towards the east US coast, where authorities ordered more than a million people evacuated in Florida, South Carolina and Georgia. UBS analysts updated their model to reflect a wider potential industry insured loss range of $5 billion to $40 billion and raised.....

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