Reinsurers Will Largely Be Writing the Checks to Pay for Irma Damage

Fri, 09/15/2017 - 12:15
by Leslie Scism of the Wall Street Journal

A global array of reinsurance companies will bear the financial brunt of Hurricane Irma’s damage to potentially millions of homes across Florida.

Irma’s winds are expected to leave tens of billions of dollars in insured damage. And when the insurance money arrives for many homeowners, much of it will be via reinsurance companies—not the carrier on their contract.

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