Insured losses from Hurricane Otis could reach $6bn: Verisk
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Insured losses from Hurricane Otis could reach $6bn: Verisk

Acapulco, Mexico. 25th Oct, 2023. Damage is seen on the beach of the well-known and traditional Mexican beach resort after Hurricane "Otis" hit the region. "Otis" made landfall early Wednesday as an extremely dangerous Category 5 hurricane with sustained
Photo: Alamy

Global analytics and technology firm Verisk has estimated that insured losses to onshore property from Hurricane Otis will likely fall between $3bn and $6bn.

The industry loss range includes insured estimates of wind and precipitation-induced flood across Otis’s track, with most of the modelled loss attributable to wind.

Otis

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