A three-headed monster of extreme weather, hyperinflation and social inflation is threatening the insurance industry. (Photo: Stephen B. Morton/AP)

Privately insured loss from Hurricane Debby is estimated to reach nearly $1.4 billion in the U.S., according to data compiled by Karen Clark & Company (KCC).

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Joe Toppe

Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.