Industry | 2012.09.11
Fitch: Hurricane Isaac Losses Manageable for U.S. Insurers
CHICAGO--(BUSINESS WIRE)--With estimates among catastrophe modeling firms ranging from $0.5 billion to $2 billion, losses from Hurricane Isaac are expected to be material but manageable for primary insurers located in the U.S. and the global reinsurance industry, according to Fitch Ratings in a new report. \'If actual losses from Hurricane Isaac end up within current ranges, primary insurers will bear most of the loss,\' said Associate Director Chris Grimes. \'However, as incurred losses rise, the
For more information, please visit
http://www.businesswire.com/news/home/20[...]osses-Manageable-U.S.-Insurers
