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Hail, tornadoes and damaging winds continue to drive costly claims across the country. Moody’s and Gallagher Re examine regional loss patterns, rising repair costs and the reinsurance outlook.

According to a report by Global Market Insights, the global property and casualty insurance market was worth $1.8 trillion in 2022. The market is expected to grow at a CAGR of 5.5% over the forecasted ...