UPC figure points to $5bn Irma homeowners' loss

The $300mn-$600mn gross loss from US storms disclosed by UPC
Insurance suggests that the privately insured homeowners' loss
from Hurricane Irma could be less than $5bn, analysis from
The Insurance Insider shows.
The disclosure included losses from both Harvey and Irma. But
even if all of these losses had come from Irma, grossing up the
carrier's market share in the counties most impacted by the
Florida storm points to an industry loss of only $5.0bn.
This is based upon the...