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25 February 2018

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PCS issues initial Maria claims number of $21.9bn

Adam McNestrie 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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