Updated 5:45 p.m. EST

(Bloomberg) – Hurricane Maria ripped through Puerto Rico, causing potentially billions of dollars in damage and threatening to continue the population exodus that pushed the island into bankruptcy.

Maria made landfall in the southeastern part of the U.S. territory Wednesday with winds reaching 155 miles (249 kilometers) per hour, knocking out electricity across the island. The storm flooded parts of downtown San Juan and ripped the roofs from homes.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.