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Insurance Industry Impact From Hurricane Beryl Expected to Be ‘Manageable’

July 8, 2024

Hurricane Beryl made its U.S. landfall at Matagorda, Texas early Monday as a Category 1 hurricane.

The storm has reportedly knocked out power to 1 million homes and businesses, but the storm’s overall impact to the insurance industry is expected to be “manageable,” according to Morningstar DBRS, a credit rating business.

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