Large Corporate Claims From Hurricane Irma May Take Years To Settle

Insurance claims are already pouring in from policyholders with properties damaged by Hurricane Irma. The United States mainland sustained about $18 billion of insured loss, with the majority of damage seen in Florida, followed by Georgia, South Carolina, and Alabama, according to catastrophe modelling firm Karen Clark & Co. But the biggest claims of them all — the large corporate claims — could take years to be paid out, said Ken Frenchman, a principal in the insurance recovery litigation practice at McKool Smith.