Experts Anticipate Less Than $10B Industry Loss From Hurricane Dorian

 Wednesday, September 11, 2019

 Reinsurance News

The consensus among experts speaking at the Reinsurance Rendevzous event in Monte Carlo this week seems to be that Hurricane Dorian will result in an overall insured loss of less than $10 billion.

Asked about the impact of Dorian, representatives from rating agencies and large reinsurers said that the storm was likely to be a significant event, but well within budgets for the hurricane season.

“We’re still waiting for all the estimates to come through, but we’re basically thinking that it will be less than a $10 billion event when it’s all said and done,” said Graham Coutts, Director at Fitch Ratings.