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The Bermudian is adding $10mn-$15mn to its Covid loss estimate as claims climb.
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The ratings agency says the storm’s track compares with that of Hurricane Rita in 2005.
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The broker also says recent flooding in India has caused $6bn of damage.
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The new estimate sits in the middle of the range, following previous figures given by modellers
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The storm hit near Puerto Morelos, between the larger resorts of Cancun and Playa del Carmen.
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The storm is equivalent to a Category 1 hurricane.
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The Allianz unit says the experience of the Sars epidemic suggests general liability claims are likely to remain benign.
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Since Covid-19 began to spread in areas with high insurance penetration, the situation has been in constant evolution.
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The 25th named storm of the year may become the 10th named storm to impact the US this year.
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The case started in Sydney today, with the Insurance Council of Australia arguing that the intention of pandemic exclusions in commercial property policies is clear.
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The president and CEO urges wordings precision to avoid cyber-related litigation.
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The Glass Fire has destroyed the Chateau Boswell winery to the north of St Helena, California, CNN reported.
