Thursday, March 28, 2024
HomeinvestingHurricane Irma's damage could be most ever, topping Katrina, Barclays predicts

Hurricane Irma’s damage could be most ever, topping Katrina, Barclays predicts

  • Barclays research said Hurricane Irma's insured damage in Florida could be the largest ever in the U.S., "perhaps equivalent to Hurricane Katrina."
  • Category 5 Hurricane Irma is the strongest hurricane on record in the Atlantic basin outside of the Caribbean Sea and the Gulf of Mexico, according to the National Hurricane Center.
  • Reinsurance stocks were some of the market's worst-performing on Tuesday, with XL Group down 6 percent.

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