Hotel and government claims expected to dominate Otis property losses

Jairo Ibarra,

14 November 2023

Most insured losses from Hurricane Otis are anticipated to stem from hotels and some government infrastructure accounts, as the first industry estimates are beginning to emerge amid a slow filter-through of loss information from the ground.

Otis made landfall near Acapulco in Mexico on October 25, after intensifying from a tropical storm into a Category 5 hurricane in less than 12 hours.

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