Insured losses from Hurricane Otis could reach $6bn: Verisk

01 November 2023

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Global analytics and technology firm Verisk has estimated that insured losses to onshore property from Hurricane Otis will likely fall between $3bn and $6bn.

The industry loss range includes insured estimates of wind and precipitation-induced flood across Otis’s track, with most of the modelled loss attributable to wind.

Otis

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Insured losses from Hurricane Otis could reach $6bn: Verisk

Global analytics and technology firm Verisk has estimated that insured losses to onshore property from Hurricane Otis will likely fall between $3bn and $6bn.

Fuel a smarter strategy with our actionable market intelligence

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Insured losses from Hurricane Otis could reach $6bn: Verisk

Global analytics and technology firm Verisk has estimated that insured losses to onshore property from Hurricane Otis will likely fall between $3bn and $6bn.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM