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US winter storm loss creep likely to be prolonged: Aon

March 5, 2021

The complexities surrounding the development of an ultimate of insurance and reinsurance market losses from the recent US winter storm event are set to be significant, with broker Aon warning to expect a prolonged period of loss creep.

winter-stormCurrently, estimates for the insurance and reinsurance market loss range from low double-digit billions up to $20 billion, with some sources suggesting creep could even take it higher.

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