Karen Clark predicts Harvey wind losses of $2.7bn

Modelling firm Karen Clark & Company has predicted that wind
damage from Hurricane Harvey, which is currently barrelling towards
the Texas coast, could cost the industry $2.7bn.In a client note, seen by The Insurance
Insider, the firm said that on its current track,
Harvey could also generate a storm surge that would cause around
$1bn in economic damages.That brings the combined economic losses from flooding and insured
losses from wind damage to around $3.7bn but Karen Clark warned...