Industry loss expectations ease to $5bn-$15bn

Fears of a $20bn+ loss are receding after Hurricane Matthew
skirted the Floridian coast, rather than making landfall as a
Category 3 storm.
Market sources stressed that huge uncertainty remains around the
loss quantum, with the potential for a landfall in the Carolinas
causing nervousness.
However, most now suspect that the industry will escape with
losses in the $10bn to $15bn range, while some suggested it could
come down towards $5bn.
Yesterday evening there was concern that losses could stee