Onshore property losses covered by insurance after recent hurricane Grace are expected to reach around US $330 million, according to catastrophe risk modeller Karen Clark & Company (KCC).
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Hurricane Henri is tracking to the north over the warm Gulf Stream waters and is forecast to to head towards the US northeast states of Massachusetts, Rhode Island, Connecticut and New York, with landfall in New York or New England expected on Sunday.
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Hurricane Grace is soon to make landfall on Mexico’s Yucatan Peninsula, with sustained winds of 80 mph and gusts closer to 100 mph and a dangerous storm surge expected.
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