TPRE - Hurricane Laura Industry Losses Seen As 'Manageable' By Analysts
Insurance and reinsurance industry losses from Hurricane Laura's onslaught of the Louisiana and Texas Gulf Coast region today (Aug. 27) are expected to be manageable for the industry, despite the intensity of the storm, analysts have said.
Hurricane Laura made landfall early this morning near Cameron, Louisiana, as an intense Category 4 storm with 150 mph sustained winds and higher gusts.
Significant damage is anticipated for the region, with storm surge and flooding impacts widely expected, as well as wind damage to properties, coastal assets and also the offshore energy industry in the pre-landfall track