Hiscox forecasts rates rise and $225m in Harvey and Irma claims
Hiscox anticipates the net cost of claims from hurricanes Harvey and Irma to be $225m (£170m), amidst signs the market is starting to harden.
The figure is based on Hurricane Harvey causing an insured loss of $25bn and Hurricane Irma costing the industry $35bn. The catastrophe claims estimates exclude losses to the US National Flood
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