Florence’s hit to insurers starts early as businesses shut down

INSURANCE COMPANIES are expecting an increase in business-interruption insurance policy claims as Hurricane Florence approaches the U.S. East Coast. / BLOOMBERG NEWS FILE PHOTO/CHARLES MOSTOLLER
INSURANCE COMPANIES are expecting an increase in business-interruption insurance policy claims as Hurricane Florence approaches the U.S. East Coast. / BLOOMBERG NEWS FILE PHOTO/CHARLES MOSTOLLER
NEW YORK - Hurricane Florence is still hundreds of miles off the United States East Coast, but insurers are starting to see their potential costs from one type of claim mount as companies halt operations to let employees flee. Mass evacuations in the Carolinas and Virginia are starting the clock ticking on business-interruption insurance policies,…

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