AIR estimates insured losses of $56bn if Hurricane Andrew were to strike again

hurricane

AIR’s has estimated that if Hurricane Andrew were to recur today, the expected total industry insured losses would be approximately $56bn (£43.48bn), based on today’s exposures.

According to AIR’s estimations, 95% of the losses would come from Florida and total insured losses would exceed $138bn (£107.06bn) if it were to hit Miami.

However, Karen Clark & Company estimates

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