Insurance losses alone are expected to top$50 billion, with estimates that each day of lost business is costing the US economy$100 million.
The Insurance Information Institute in New York has predicted that up to 45 per cent of claims will hit commercial insurers such as Lloyds, which alone could be facing a payout of$1 billion.
Tom Larsen, of California-based risk modelling specialist Eqecat, told The Sunday Business Post that the total cost could “easily exceed'‘ last...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team