Re-insurers to get hit hard from Irma with Florida hurricane catastrophe fund in the lead With 31 people dead across 3 states, Hurricane Irma was part of history. Never before have two category 4 or higher hurricanes struck the US mainland in the same year. In the wake of the damage – estimates are currently wide-ranging – Moody’s notes that while Florida insurers are likely to be hard hit, it is the re-reinsurance firms that are likely to be footing a large portion of the cost. [timeless] Irma costs estimates run as high as $300 billion, with many estimates near…
Who Is On The Hook For Hurricane Irma Costs?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.