Things to watch out for with Hurriane Irma in terms of impact:
Hurricane force winds across much of the peninsula impacting a lot of people and commercial property
Storm surge on both coasts
Signs of inland flooding
”Even though this isn’t the devastating storm that we feared, there is going to be widespread impact across the state and probably large numbers of claims,” said Shah.
Looking at the impact of Irma on the Caribbean, Shah added: ”Now we’re beginning to see the extent of the damage and from a modelling standpoint we show very high loss ratios across some of those territories and many of those are going to translate into meaningful insured losses in certain markets”.