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Today’s report titled, “No Respite For Re/Insurers As Hurricane Irma Prepares To Give A Big Jolt,” from S&P Global Ratings has bad news for insurers and reinsurers alike. Depending on the extent to which Hurricane Irma makes a landfall in Florida, there could be much higher insured losses compared to Hurricane Harvey. As projected by AIR Worldwide, if a Category 5, Andrew-like hurricane were to strike just south of Miami and a little north of the city of Homestead, the total insured losses for Florida could reach upward of $130 billion.

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