Private Harvey loss could be $18bn-$25bn: RMS

Commercial insurers are facing losses of between $18bn and $25bn
from Hurricane Harvey, according to an estimate from modelling
agency RMS.
RMS said that it expected total insured losses to be in the
range $25bn-$35bn, with an upper bound of $40bn, but that includes
a $7bn-$10bn estimate for the state-backed National Flood Insurance
Program (NFIP).
If a $7bn NFIP loss is assumed for the lower bound of the
$25bn-$35bn range and a $10bn NFIP loss for the higher end of...