The largest insurance market in the world , Lloyd ’s of London , has begun to pay the first of the claims arising from the damage caused by storm Harvey and Hurricane Irma , totalling $ 4.5bn . Catastrophe modelling firms have estimated totals of between $ 50bn and $ 70bn in insured damage caused by the two events , a statistic Lloyd 's has used to calculate its own payout . Hurricane Maria , which recently hit Puerto Rico , is thought to have resulted in between $ 40bn and $ 85bn in insured damage . The market is still working out its liability for Hurricane Maria, the earthquake in Mexico and typhoons in Asia. Analysts at Jefferies estimated Harvey and the Mexican earthquake to cost Lloyd 's an addition $ 1bn .
The largest insurance market in the world , Lloyd ’s of London , has begun to pay the first of the claims arising from the damage caused by storm Harvey and Hurricane Irma , totalling $ 4.5bn . Catastrophe modelling firms have estimated totals of between $ 50bn and $ 70bn in insured damage caused by the two events , a statistic Lloyd 's has used to calculate its own payout . Hurricane Maria , which recently hit Puerto Rico , is thought to have resulted in between $ 40bn and $ 85bn in insured damage . Analysts at Jefferies estimated Harvey and the Mexican earthquake to cost Lloyd 's an addition $ 1bn .