Opinion: Irma and Florida

Hurricane Harvey is set to be a complex and expensive loss event
for the insurance market.
Three or four times in the last couple of days I have had senior
market sources assume a confidential tone and say to me that their
view is that this is not a $10bn or a $15bn event. The ultimate
toll will be upwards of $20bn, they said. One said $25bn-plus.
(Make of that what you will.)
It is major, and we will be...