Hurricane Harvey pummeled Texas, striking the coastline north of Corpus Christi as a Category 4 storm on Aug. 25 and wreaking havoc across Houston area. At least eight people have reportedly perished, with many more injured, as homes, businesses, and infrastructure experienced catastrophic flooding.
Ratings firms quickly offered predictions for the insurance impact of Harvey, with most suggesting that the insured losses are unlikely to match those of Hurricane Katrina or Superstorm Sandy. Economic losses are sure to be dramatically higher
Read more at https://www.advisenltd.com/2017/08/31/harvey-hits-texas-hard-insurance-losses-low-billions-expected/
Erin Ayers, Harvey hits Texas hard; insurance losses in ‘low billions’ expected (August 29, 2017), available with subscription at Advisen Professional Front Page News.
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