08-09-2017 09:30 via insuranceinsider.com

Lloyd's Miami windstorm RDS sees $131bn insured loss

Lloyd's latest realistic disaster scenario (RDS) assumes a
$131bn total insured loss from a Miami-Dade windstorm event, as
Category 5 Hurricane Irma threatens to bear down on the Floridian
county.
The RDS, which Lloyd's states is compulsory for managing
agents to model their losses for, envisages more than 15 percent
damage to the Floridian counties of Miami-Dade and Broward, and
between 3 and 6 percent damage for Collier and Palm Beach.
In this scenario, Lloyd's envisages a $66bn insured loss..
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