Insured losses from Hurricane Otis could reach $6bn: Verisk
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Insured losses from Hurricane Otis could reach $6bn: Verisk

Aisling Finn
November 01, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Acapulco, Mexico. 25th Oct, 2023. Damage is seen on the beach of the well-known and traditional Mexican beach resort after Hurricane "Otis" hit the region. "Otis" made landfall early Wednesday as an extremely dangerous Category 5 hurricane with sustained

Global analytics and technology firm Verisk has estimated that insured losses to onshore property from Hurricane Otis will likely fall between $3bn and $6bn.

The industry loss range includes insured estimates of wind and precipitation-induced flood across Otis’s track, with most of the modelled loss attributable to wind.

Otis

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Claims and losses
aisling finn/aisling finn ii us.png
Aisling Finn
Reporter
Contact
Gift this article