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Insurance industry is already facing a storm of losses ahead of hurricane season
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Insurance industry is already facing a storm of losses ahead of hurricane season
While NOAA forecasts a 60% chance of an above-average hurricane season, the insurance industry is already grappling with soaring losses from wildfires, storms and rising property exposure, CNBC writes. Analysts say 2024 brought more than $37 billion in hurricane-related insured losses, and 2025 is off to a volatile start: severe thunderstorms in the Midwest have already caused an estimated $17 billion in damage, while January’s California wildf…
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