Hermine loss below $400mn: RMS

Hurricane Hermine will cost the insurance industry less than
$400mn, according to modelling agency RMS.
Earlier this month the Category 1 storm became the first
hurricane to make landfall over Florida since 2005, but the damage
it caused was limited because it tracked over a less urbanised area
of the state.
RMS said that about 30 percent of its modelled loss estimate was
linked to coastal flooding, including "leakage" claims
made under wind policies. The $400mn estimate does not include...