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As more tragic shootings occur, insurance and risk management issues become important considerations.

Las Vegas massacre could cost insurers more than $1 billion

The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and wildfires.

By Hannah Levitt, Sonali Basak | Updated on November 10, 2017
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While insurers have plenty of experience trying to predict those natural disasters, modeling the motives of perpetrators who can single-handedly cause catastrophes is a much greater challenge for the industry. (Photo: Bloomberg)

(Bloomberg) – The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and wildfires. 

Related: California wildfires to cost insurers over $4.6 billion, Moody’s reports

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