Hurricane Ida is expected to generate significant economic and insured losses in Louisiana, but is unlikely to trigger ratings downgrades of individual property/casualty insurers or reinsurers, Fitch Ratings says. While losses will take some time to reconcile, there are indications that this will be an earnings and not capital event for the industry. Fitch-rated insurers… Continue reading Hurricane Ida Not a Capital Event for Louisiana Reinsurance Market
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