Insight and Intelligence on the London & International Insurance Markets 22 Oct 2017
PCS issues initial Maria claims number of $21.9bn
- 12 October 2017
Data provider Property Claim Services (PCS) has issued an initial estimate for Hurricane Maria of $21.89bn for US territories, The Insurance Insider understands.
The claims tally implies that Maria - which has been subject to the greatest degree of uncertainty - will be more expensive than Hurricane Harvey and could rival Hurricane Irma as the most expensive loss event of the year.
Some senior sources, including reinsurance brokers and carriers with major exposures, had still been talking about a possible...
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