London Market insurers take fall after Harvey, no sign of ratings rise
Hurricane Harvey’s deluge of wind and rain across Houston and the Texas Gulf Coast hurt the shares of London Market property and casualty insurers on Tuesday as analysts peg insured losses as high as $20bn (£15.5bn).
The tropical storm, which has been the most powerful hurricane to strike Texas in more than 50 years is set to peak later this week with some 30,000 people expected to be left homeless.
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