Hurricane Irma: More substantial damage expected in Florida

Strong start for the hurricane season in the Atlantic Ocean. After Hurricane Harvey hit Texas and Louisiana on August 25, 2017, the region faces a new catastrophic event: Irma.

Of category 5 on the saffir-simpson scale, Hurricane Irma lashed on 6 September 2017 the Antilles in the Caribbean, causing unprecedented damage. In the French Isles of Saint Martin 90% of the buildings are thus considered destroyed against 70% in Saint Barthélemy.

Bertrand Labilloy, general manager of CCR, a public reinsurer specializing in natural catastrophes in France, estimates that the amount of material damage in the French Antilles could exceed 200 million EUR (240 million USD).

According to forecasts from the US hurricane center, Irma should also move towards the United States, striking first Florida then Georgia and finally South Carolina.

The global insurance market fears greater property damage in Florida with an insured value estimated at nearly 100 billion EUR (120 billion USD).

Lloyd's, on its part, is advancing a realistic disaster scenario (RDS) with insured losses of 131 billion USD.

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