RMS advises caution over Maria insured loss estimates

Hurricane Maria

Insured losses for Puerto Rico from Hurricane Maria might be lower than was initially feared by many insurers and reinsurers, according to RMS senior product manager Tom Sabbatelli. Maria struck Puerto Rico as a Category 4 hurricane on 20 September. Catastrophe modellers’ loss estimates for the storm varied between $15bn and $85bn, with RMS’s forecast coming in at the low…

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