Nate damage not expected to be over $500mn: RMS

Damage from Hurricane Nate, the Category 1 storm that struck the
southern tip of Louisiana and Mississippi just over a week ago,
will not be material compared to other 2017 hurricanes, according
to the modelling company RMS.
RMS estimates that insured losses from Nate are unlikely to
exceed $500mn. The figure includes property damage and business
interruption from wind and coastal flooding for residential,
commercial, industrial, and auto lines, but does not include
National Flood Insurance Prog