The largest insurance market in the world, Lloyd's , has begun to pay the first of the claims arising from the damage caused by storm Harvey and Hurricane Irma , totalling $ 4.5bn . ’s plan for a two-year transition period. Catastrophe modelling companies 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 4.5bn in insured losses. Analysts at Jefferies expect Maria and the Asian earthquake to cost Harvey an addition $1bn.
The largest insurance market in the world, Lloyd's , 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 companies 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 4.5bn in insured losses. Analysts at Jefferies expect Maria and the Asian earthquake to cost Harvey an addition $1bn.