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Global Catastrophe Losses to Exceed $100B, Fitch Says

As hurricanes pile up, 2017 could be a record year for losses in the insurance and reinsurance sectors.

Hurricane season is far from over and it already looks like it could be a record year for catastrophe losses.

Following the devastation caused by Hurricane Maria, 2017 catastrophe losses for the global insurance and reinsurance sectors will exceed $100 billion and could reach close to $190 billion on a pretax basis, Fitch Ratings says. 

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