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US insurers brace for Idalia claims, UBS estimates $9.36 billion cost in Florida

(Reuters) -Insurers were expected to face claims for billions of dollars from Hurricane Idalia which made landfall in Florida on Wednesday, adding to a challenging year for the industry that could result in higher premiums for customers. Hurricane Idalia plowed into Florida's Gulf Coast with fierce winds, torrential rains and pounding surf before weakening but turning its fury on southeastern Georgia, where floodwaters trapped some residents in their homes. In Florida, UBS bank estimated av...
United States Great Hill New York Manya Saini Noor Zainab Hussain Michael Peltier
Source: aol.com

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