Insured losses could reach $850mn for UAE floods: Guy Carpenter
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Insured losses could reach $850mn for UAE floods: Guy Carpenter

The flooding was caused by thunderstorms, as opposed to cloud seeding, experts say.

By Abbie Day
April 29, 2024
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Persian Gulf flooding Dubai Airport area apr2024.png

Insured property losses in the United Arab Emirates (UAE) arising from the recent flooding could reach $850mn, with the most affected emirate being Dubai, according to a CAT Resource Center Event report from Guy Carpenter.

The

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