Hurricane Irma Insurance Losses May Be Far Lower Than First Predicted

  Thursday, September 14th, 2017 Source: Live Insurance News

Following predictions of apocalyptic Hurricane Irma insurance losses, it appears as though the storm may be costly, but nowhere near the worst case scenario. It’s still far too early for specific totals, but recent figures suggest they may be as low as $10 billion. Randy Binner, an insurance analyst, explained that while initial projections for Hurricane Irma insurance losses were as high as $100 billion, this has now been reduced to between $10 billion and $30 billion. Moreover, the reality seems to be leaning toward the lower end of that scale.

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