BOSTON/FRANKFURT (Reuters) - Hurricane Harvey's whipsaw of wind and rain across Houston and the Texas Gulf Coast hurt the shares of U.S. property and casualty insurers on Monday as Wall Street analysts estimated insured losses as high as $20 billion (15.47 billion pounds).
That would make it one of the costliest storms in history for U.S. insurers, but could ultimately help insurers and reinsurers to raise rates, some analysts said, after a period of low premiums.
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