RMS confirms Hurricane Michael losses of up to $10bn

Hurricane Michael

RMS has placed insured loss figures for Hurricane Michael between $6.8bn and $10bn, in line with estimates from other catastrophe modelling firms. RMS’s figures includes wind and storm surge damage, as well as losses to the US’s National Flood Insurance Program (NFIP). Wind damage is expected to range between $6.4bn and $8.7bn, with surge loss between $400,000 and £1.3bn. The…

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