RMS estimates Isaac at $1bn-$2bn
Catastrophe modelling firm RMS predicts that insured wind and surge losses from Hurricane Isaac's landfall on the US Gulf Coast will be between $1bn and $2bn.
The RMS estimate excludes rainfall-driven flood losses and all National Flood Insurance Program losses, but includes the possibility of a small amount of loss stemming from so-called coverage leakage surge losses, which are inadvertently paid out by wind only policies.
The RMS forecast is in-line with estimates from other modelling firms, with AIR Worldwide...
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