Karen Clark & Company
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The estimate excludes NFIP losses, offshore assets, and the potential impact of Covid-19.
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The estimate for the third named storm of the season covers privately insured wind and storm surge damage.
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The facility had initially estimated a payout of $10.9mn.
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Insured loss estimates given in the fortnight following Typhoon Jebi last year were low. AIR gave a range of $2.3bn-$4.5bn and RMS predicted $5.5bn.
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AIR last week predicted up to $3bn in insured losses in the Caribbean from the storm.
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