Harvey, Irma and Maria losses start to rise
Wednesday, 01 24 2018, Category: Nature, Country: United States
Loss estimates for the HIM Hurricanes (Harvey, Irma & Maria) are beginning to rise, according to investment firm Jefferies.
Hurricanes Harvey, Irma and Maria (HIM), together with two hurricanes in Mexico and the wildfires in California, are expected to have caused more than $100 billion in insured losses.
In December 2017, Jefferies had identified a gap of $20 billion between company losses and estimates of total insured losses from HIM, suggesting that some company estimates will rise in 2018, fuelling reinsurance price rises.
Source: Intelligent Insurer