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

Jairo Ibarra
13 November 2023
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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.

The forecast reflects property damage and BI losses to residential, commercial, industrial and automobile lines of business.

The estimate additionally considers potential for post-event loss amplification, inflationary trends and non-modeled sources of loss, including infrastructure damage.

The

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Jairo Ibarra
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