Subject: Hurricane Risk


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"So far, things are looking up for the Warren Buffett company. Hurricane Idalia made landfall Wednesday as a powerful Category 3 storm, but weakened to a Category 1 hurricane as it made its way across Florida toward Georgia.

The average insured losses for Hurricane Idalia were projected to be $9.36 billion, wrote UBS analyst Brian Meredith in a Tuesday note, citing preliminary estimates from RMS, a catastrophe risk modeling firm under Moody's. That would be a fraction of the $112 billion damage Hurricane Ian inflicted when it struck the state last year."