Lloyd’s Revises Harvey, Irma And Maria Claims Estimates To $4.9B
Tuesday, October 24th, 2017 Auto Catastrophe PropertyLloyd’s has revised its net claims estimates for Hurricanes Harvey and Irma to a combined US$3.9 billion, plus a preliminary claims estimate for Hurricane Maria of US$0.9 billion. In a statement on Monday, Lloyd’s also reported that the world’s specialist insurance market has so far paid almost US$900 million in claims for Harvey, Irma and Maria. On Oct. 12, Lloyd’s said that it had paid US$738 in response to Hurricanes Harvey, Irma and Maria. Jon Hancock, Lloyd’s performance management director, said that the claims estimate for Harvey and Irma has reduced approximately 10% from the precautionary figure Lloyd’s issued with its half-year results last month.
External References & Further Reading
https://www.canadianunderwriter.ca/insurance/lloyds-revises-harvey-irma-maria-claims-estimates-us4-9-billion-1004122480/
