Hurricane Dorian, which devastated Bahamas one week ago, affected the East Coast of the U.S. generating tremendous amounts of rainfall and causing damages in Florida, the Carolinas and Georgia.
Hurricane Dorian's project path as of 1pm EDT, 9/3/2019
Source: Weather.com
According to analysts at UBS, Hurricane Dorian could cause insurance industry losses in the range of $5 billion to $40 billion with a base-case at $25 billion. Although Florida-exposed insurers and reinsurers might be adversely affected, this event which could change the lives of thousands of people, may also create some opportunities in the