Hurricane Irma insured losses at up to $50bn: AIR Worldwide
Combined industry insured losses for Hurricane Irma for the US and the Caribbean will range from $32 billion to $50 billion, according to estimates from catastrophe modelling firm AIR Worldwide.
Irma hammered much of Florida on Sunday, September 10, through the next day, with rain and winds that ripped off roofs, downed trees, caused widespread power outages, and flooded towns. Most of Florida was in peril due to the massive size of the storm, as hurricane-force winds extended 80 miles from the eye, and tropical storm–force winds extended more than 400 miles, covering the entire state and driving storm surge into both the Atlantic and Gulf coasts.
Industry insured losses for the US resulting from Hurricane Irma will range from $25 billion to $35 billion. For the Caribbean, AIR estimates that industry insured losses will range from $7 billion to $15 billion.
Get the latest re/insurance news sent to your inbox every day - Sign up to our free email newsletters
Today’s top stories:
RSA France poaches CEO of AXA Corporate Solutions UK
IUMI president predicts shake-up in marine underwriting
Hiscox estimates Harvey impact
China’s internet-only ZhongAn to expand into life and healthcare
Global marine premiums fall another 9% YOY
Ascent introduces cyber policy nil deductible for SMEs
Twelve Capital hires Barbican executive
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze