Winter Storm Elliott: Lessons Learnt
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In the days leading up to Christmas 2022, the US and parts of Canada were frozen solid by Winter Storm Elliott. Nearly 1.5 million were left without power, leading to countless holiday and event cancellations - not to mention numerous other challenges.
The industry made early assessments to better understand the impact and book the appropriate reserves. But in the months that followed, Elliott came under unexpected market-wide upwards loss pressure…. but why? Our experts briefly explore this topic in this Newsbyte.