Primary Insurers hit hardest by US Hurricane says Fitch
International rating agency, Fitch Ratings, has said the damage caused by Hurricane Frances is likely to be a material loss to the insurance industry and a major loss to primary insurance companies.
Fitch said although Frances was a less powerful storm than Charley, it was very wide and slow moving. The slow forward speed of the storm means property will have been exposed to hurricane-strengthOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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