Private market insured losses limited for US Midwest floods - RMS
Private market insured losses to property may be limited in the Midwestern United States due to a lack of buyers of flood coverage in the affected region, a report from Guy Carpenter has said, quoting a note from Risk Management Solutions.
“Despite the widespread damage, Risk Management Solutions (RMS) said it expects private-market insured losses to property to be limited due to the low penetration of flood insurance coverage in the
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