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Hurricane Grace insured property loss estimated $330m by KCC

August 26, 2021

Onshore property losses covered by insurance after recent hurricane Grace are expected to reach around US $330 million, according to catastrophe risk modeller Karen Clark & Company (KCC).

Hurricane Grace impacted parts of the Caribbean and Mexico, where it made two landfalls.

KCC splits the onshore insured property loss into $300 million for Mexico and $30 million for the rest of the Caribbean.

At those levels reinsurance impact is expected to be negligible.

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