Hurricane

Florida insurers received about 330,000 claims worth $1.95bn in the week following Hurricane Irma, according to preliminary data compiled by the Florida Office of Insurance Regulation.

Insured losses from Hurricane Irma are now expected to range from $32bn-$50bn, according to modelling firm AIR Worldwide.

Hurricane Maria could strengthen to Category 3 strength by the time it hits the Leeward Islands in the Caribbean, according to JLT.

Hiscox has said it is anticipating Hurricane Harvey claims to reach $150mn based on an industry loss of $25bn, not including National Flood Insurance Program (NFIP) losses.

Private market insured losses in Texas resulting from Hurricane Harvey are estimated to reach $8bn, the Insurance Council of Texas (ICT) has said.

Homeowners Choice Property & Casualty Insurance Company forecast its Hurricane Irma loss would fall between $100mn to $300mn, which would be borne mainly by private reinsurers.

Low-attaching aggregate bonds with Florida exposure remained under pressure this week in the secondary market, according to Trading Risk sources

Munich Re is likely to post a loss in the third quarter following claims from hurricanes Harvey and Irma, the company has said.

ILS funds are likely to expedite claims settlement in order to avoid litigation and relieve investor uncertainty, law firm Locke Lord has said in analysis following hurricanes Harvey and Irma

ILS capital is likely to account for $4bn-$9bn of Hurricane Irma insured losses, according to Bernstein analyst Thomas Seidl.

Hurricane Irma has exposed $12.5bn of Florida-related catastrophe bonds to losses, according to AM Best

Risk modelling firm Karen Clark & Company (KCC) has estimated insured losses for the US and the Caribbean from Hurricane Irma at $25bn