Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017

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Nate primary loss to add $1.5bn-$3bn to record cat toll

  • Adam McNestrie 10 October 2017
  • Hurricane Nate may not go down in the annals along with Harvey, Irma and Maria when the history of this remarkable period of catastrophe losses is written, but the fourth US landfalling hurricane of the season has added fresh pain for already-suffering carriers.

    Modelling firm Karen Clark & Company issued a quick-fire industry loss estimate for the storm of $500mn, comprising wind and storm surge damage.

    A number of industry sources expressed scepticism around the Karen Clark figure. Provisional loss...

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