Moody’s RMS has estimated that private market insured losses from Hurricane Otis will be between $2.5 billion and $4.5 billion.
According to the firm, this estimate represents insured losses associated primarily with wind damage in the Category 5 hurricane that made landfall in Acapulco, Mexico. The figures reflect property damage and business interruption losses to residential, commercial, industrial, and automobile lines of business, and also consider the potential for post-event loss amplification, inflationary trends, and non-modelled sources of loss, including infrastructure damage.
