RMS modelled Matthew loss down to $6bn

Modelled loss simulations from RMS show a significant fall in
expected industry losses from Hurricane Matthew, with the mean loss
guidance now as low as $6.0bn, The Insurance
Insider can reveal.
Confidential client numbers produced by RMS and passed to this
publication by sources suggest that the probability of US wind-only
losses hitting $20bn was down from a projection of 41.9 percent
yesterday to just 9.4 percent.
Meanwhile, the probability of a $10bn loss event in
the US has fallen...