RMS: 90% likelihood Irma loss is sub-$85bn

After the forecast track of Hurricane Irma edged west, RMS has said
that preliminary modelled estimates suggest there is a 90 percent
chance that insured wind losses from the storm will be less than
$85bn.
The figure is not a firm loss estimate and is subject to
significant uncertainty as the path of the storm changes, with the
median figure likely to be significantly below this mark.
As the powerful storm approaches Florida there has been
widespread uncertainty over the...