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Extreme weather could aggravate growing property insurance pressures on governments.
February 28 -
Insurers have closed shop in Louisiana and Florida, leaving in the lurch thousands of homeowners.
July 1 -
Nicholas is the Atlantic’s 14th storm in 2021. Half of the storms so far have hit the U.S., and Ida was the season’s worst, crashing into the Louisiana coastline before devastating New York with rain and floods that killed more than 40 people. On Monday, AIR Worldwide updated its projected losses from Ida, saying the storm probably caused $20 billion to $30 billion in insured losses. Earlier estimates were around $18 billion.
September 14