RMS
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The storm has already caused major disruption, including the cancellation of well over 1,000 flights. -
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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Previous category 3-4 storms passing near Grand Bahama and Abaco caused up to $1.3bn of damage in today’s prices, according to the modelling agency.
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The calculation includes two Category 4 events and three Category 3 events.
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