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(Bloomberg)   "Irma's Surprise Path May Fuel Insurance Claims" reports Captain Obvious from high above in the RomeroCopter   ( bloomberg.com) divider line
    More: Followup, U.S. property practice, Insurance, Tropical cyclone, westward shift, Storm, property practice leader, west coast, Hurricane Irma  
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522 clicks; posted to Business » on 11 Sep 2017 at 5:20 PM (13 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



5 Comments     (+0 »)
 
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2017-09-11 01:15:41 PM  
Actually, cost estimates for Irma-related claims have been revised downward a lot, from $200B (conditional on a direct Miami hit) to "only" $50B in one case.

Still astronomical though---and it doesn't count lost tourism revenue.

(Remember the shoe store looting thread? $50 billion could have bought a very nice pair of shoes for every US resident.)
 
2017-09-11 05:35:08 PM  
Any path over (or even pretty close to) the US would yield insurance claims.
 
2017-09-11 06:27:28 PM  
s3.amazonaws.comView Full Size
 
2017-09-12 06:42:44 AM  
Surpise path?  Unless you ignored the news or were in complete denial, the path held pretty close to the *cue ominous background music* CONE OF UNCERTAINTY™.  Sure, none of the models was quite right a week out, and they kept adjusting the path up to a few hours before landfall - but that's how it works.

Save the surprise for your father's day present.
 
2017-09-12 01:20:48 PM  
Quick Janice, get N.S. Sherlock on the Romerophone NOW!
 
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