Hurricanes, earthquakes estimated to cost insurers $95B

GENEVA (AP) — Hurricanes Harvey, Irma and Maria, as well as two recent earthquakes in Mexico likely cost the insurance industry about $95 billion, said Swiss Re, one of the world’s biggest reinsurers.
The Zurich-based company, which as a reinsurer provides backup policies to companies that write primary insurance policies, said Friday that the claims process is ongoing and estimates could evolve.
Swiss Re expects its own payouts linked to the natural disasters will be about $3.6 bill