Analyst Says Hurricane Irma Has the Potential to Be 'the Big One'By
Hurricane Irma could bring havoc to Florida when it strikes early Sunday, and may cause economic damages of $200 billion or more, according to David Havens, an insurance analyst at Imperial Capital LLC.
Insurance or reinsurance would cover 50 percent to 60 percent of damages, he said. The storm could be an “existential threat” to some companies, Havens wrote Friday in a note.
Irma is “showing strong potential to be the Big One,” he wrote.