Wind damage from Hurricane Rita may cost insurers between $9bn and $18bn, according to catastrophe modeling firm Eqecat.
The estimate was made based on Rita hitting land between Port Arthur, Texas and Orange, Texas as a strong category 3 or weak category 4 storm.
A storm surge of up to 15 feet is expected in some areas and the National Weather Service is forecasting 10 to 30 inches of rain inland, which will exacerbate flooding, Eqecat said.
Rita also hit the Florida Keys before moving into the Gulf of Mexico and insured losses from that could range from $300m to $800m, the firm said.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
