Maria loss estimate cuts some (re)insurer share prices

An early estimate of industry insured losses of as much as $85bn
stemming from Hurricane Maria may have rattled a few investors.
Shares of (re)insurer XL Group sank 3 percent in New York
Tuesday, the first trading day after catastrophe modeller AIR
Worldwide said the major hurricane may have left property and
casualty losses of between $40bn and $85bn, including as much as
$18bn resulting from "demand surge".
Excluding effects of demand surge on labour rates and materials
prices as...