Farmers pegs Irma bill at $140mn

Farmers has revealed that its gross losses from Hurricane Irma,
which struck the Caribbean and Florida last month, are likely to
come in at around $140mn.
But the Zurich affiliate said all of the loss was "fully
recoverable under Farmers' reinsurance program".
Farmers said that so far it had received more than 16,000 claims
relating to Hurricane Irma and related storms. But the Los
Angeles-based company said it expected that figure to rise by half
to a total of around...