Who Is On The Hook For Hurricane Irma Costs?

Re-insurers to get hit hard from Irma with Florida hurricane catastrophe fund in the lead

With 31 people dead across 3 states, Hurricane Irma was part of history. Never before have two category 4 or higher hurricanes struck the US mainland in the same year. In the wake of the damage – estimates are currently wide-ranging – Moody’s notes that while Florida insurers are likely to be hard hit, it is the re-reinsurance firms that are likely to be footing a large portion of the cost.

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Irma costs estimates run as high as $300 billion, with many estimates near $150 billion

Nearly 65% of homes in the Florida Keys suffered major damage...