Hurricane Laura insured loss estimates range from $4bn to $12bn

Hurricane Laura

Early estimates of the insured losses resulting from Hurricane Laura range from $4bn (£2.98bn) to $12bn, with the damage concentrated in southern Louisiana.

Air Worldwide estimated the onshore property losses resulting from the hurricane to be in the range of $4bn to $8bn, while Karen Clark & Co predicted the losses could be closer to $9bn, with $8.7bn

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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