Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

24 February 2018

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KCC estimates insured Irma losses at $25bn

13 September 2017

Risk modelling firm Karen Clark & Company (KCC) has estimated insured losses for the US and the Caribbean from Hurricane Irma at $25bn.

The estimate includes losses to buildings and other insured structures, contents, business interruption and cars, but not crop damage or National Flood Insurance Program (NFIP) losses.

US losses are estimated at $18bn and Caribbean losses at $7bn.

The figures have been calculated using storm surge, inland flooding and wind models.

Irma was the strongest hurricane to impact...

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