Insurers, cap markets brace as Florence makes landfall

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Insurers, cap markets brace as Florence makes landfall

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Sept 14, 2018; Virginia Beach, VA, USA; A sign of local restaurant references Hurricane Florence as the outer parts of Hurricane Florence move into Virginia Beach, VA. Mandatory credit: Peter Casey-USA TODAY NETWORK/Sipa USA *** NO TABLOIDS *** | USA TODAY Network/SIPA USA/PA Images

With Hurricane Florence descending upon North and South Carolina in the US on Friday, markets will be waiting for the impact on insurance firms and catastrophe bonds.

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