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Hurricanes Irma and Harvey could cost Lloyd's of London insurers £150 billion

LONDON — Damage caused by Hurricanes Irma and Harvey, and the forthcoming Jose, could cost Lloyd's of London insurers £150 billion ($200 billion). Lloyd's of London is a specialist insurance market where firms broker deals for the bulk of global insurance schemes relating to natural disasters. Barrie Corne, an analyst at Panmure Gordon, said Lloyd's insurers could face a bill could face a bill between £100 billion and £150 billion if Irma — which is still battering the Florida peninsula — envelops the Florida panhandle.
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