FHCF Irma loss subsides

The Florida Hurricane Catastrophe Fund (FHCF) said its losses
from Hurricane Irma were expected to reach $2.04bn, less than half
its previous estimate of $5bn.
In November 2017 the state reinsurer said its share of Irma
claims could fall between $3‎bn and $6bn, with a $5bn point
estimate.
The FHCF estimated ‎that industry residential losses due
to Irma stood at $8.46bn at year-end 2017.
This is also well below the earlier implied estimate of a
Florida residential industry loss of...