Moody’s RMS pegs Otis insured losses at $2.5bn-$4.5bn
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Moody’s RMS pegs Otis insured losses at $2.5bn-$4.5bn

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 Stock Photo

Risk modeling firm Moody’s RMS has estimated insured losses from Hurricane Otis to be between $2.5bn and $4.5bn.