Catastrophic Hurricane Dorian slowed to a crawl over Grand Bahama Island overnight and into Labor Day. On Monday, Sept. 2, 2019, GOES East captured a view of the Category 5 storm over Grand Bahama. (Photo: NOAA)
Moody's Investor Services estimates insurance rates will increase by approximately 15% as a result of Hurricane Dorian and catastrophic wildfires, Bloomberg reported.
Hurricane Dorian continues its path up the east coast after devastating the Bahamas over Labor Day weekend, destroying about 13,000 homes.
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Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
