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Insurers Forecast Possible $30 Billion Loss From Hurricane Matthew

A hurricane threatening the first direct hit on the United States in more than a decade could cause insurance losses of $25 billion to $30 billion and be the second costliest U.S. hurricane on record for insurers, according to initial industry estimates. Hurricane Matthew is just off the east coast of Florida near Cape Canaveral, the National Hurricane Center said in an advisory on Friday, after killing hundreds of people in Haiti on its move north through the Caribbean.
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