AIR lowers its maximum loss estimate for Irma to $50bn

Modelling firm AIR Worldwide has narrowed its insured loss
estimate for Hurricane Irma, now projecting the devastating storm
will cost the industry between $32bn and $50bn.
An earlier estimate from Saturday, a day before the storm made
US landfall, pegged potential losses at anywhere between $20bn and
$65bn. However the hurricane's exact track was not known at
that point.
Now, after the event, AIR is saying that US losses will fall
within the $25bn to $35bn range. Claims from the...