RMS: 90% chance Irma loss is sub-$70bn
The westward movement in the track of Hurricane Irma over the
last two days means that there is now a 90 percent chance that
insured losses from the storm will be $70bn or less, according to
modelling firm RMS.
This is down from a 90 percent chance yesterday that losses
would be $85bn or less.
With these figures based on a 90 percent probability, the
mid-point of RMS's loss projection based on pre-landfall
scenarios is likely be a long way...
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