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.

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