Risk analytics and modelling firm CoreLogic has estimated that the “insurable” loss from hurricane Otis’ category 5 winds onslaught in the Acapulco and surrounding region of Mexico is in the range of $10 billion to as much as $15 billion.
It’s important to note this is an estimate of the ground-up loss from hurricane Otis’s winds that could be insurable, not an actual insurance industry loss estimate for the storm.
