Hotel and government claims expected to dominate Otis property losses

Rachel Dalton, Fiona Robertson

14 November 2023

hurricane otis damage satellite 2.jpg

Most insured losses from Hurricane Otis are anticipated to stem from hotels and some government infrastructure accounts, as the first industry estimates are beginning to emerge amid a slow filter-through of loss information from the ground.

Otis made landfall near Acapulco in Mexico on October 25, after intensifying from a tropical storm into a Category 5 hurricane in less than 12 hours.

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Topics

News Claims and losses Catastrophe bonds Hurricane Catastrophe losses Property

Jairo Ibarra

Senior Reporter

Rachel Dalton

Lead Reporter

Fiona Robertson

Editor-in-Chief