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Hurricane Dorian Likely to Cause $25 Billion of Losses, UBS Says

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Dorian Poses Risks All the Way Up to North Carolina: Meteorologist

Hurricane Dorian, the storm currently devastating the Bahamas, will cause at least $25 billion of losses for insurers, according to analysts at UBS Group AG, a figure that would make it the most expensive natural disaster for the industry since 2017.

Dorian could inflict losses of as much as $40 billion, depending on whether the storm hits the eastern coast of Florida in the next few days, the analysts said in a note. The hurricane is already the most powerful storm to make landfall in the Atlantic since the 1935 Labor Day hurricane, according to the National Weather Service.