KCC forecasts $7bn US insured Matthew losses

US insurers will pay $6.95bn to cover damage from Hurricane
Matthew, which battered Caribbean islands and the southeastern US
last week, according to Karen Clark & Co (KCC).
Analysts at KCC based their figures on high resolution storm
surge, inland flooding and wind models, in a flash estimate
released today.
Insured losses will amount to $3.48bn for wind damage and
$3.43bn for inland flooding, with the remaining $40mn reserved for
storm surge claims, KCC said.
The most significant damage fr