Irma insured losses to reach up to $65bn: AIR
Combined insured losses for Hurricane Irma for the US and selected islands in the Caribbean will be between $20 billion and $65 billion, according to estimates by AIR Worldwide.
Hurricane Irma made landfall in Florida on Sunday, Sept. 10, in the morning after wreaking havoc in the Caribbean.
For the US, AIR’s estimated industry insured losses resulting from Hurricane Irma’s wind and storm surge range from $15 billion to $50 billion.
For selected islands in the Caribbean, AIR’s estimated industry insured losses resulting from Hurricane Irma’s wind and precipitation-induced flooding range from $5 billion to $15 billion.
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