Irma Is the Caribbean’s Most Expensive Storm at $10 Billion and Counting
- German risk assessor says damages could reach $13 billion
- Small island of Saint Martin had highest losses so far
Insurers Brace for Hurricane Irma's Florida Impact
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Hurricane Irma, on track to tear through Florida this weekend, is already the most expensive storm in the Caribbean’s history, according to a disaster risk assessor.
The storm, which was pummeling the Bahamas and Cuba on Friday, caused around $10 billion in damages as it leveled homes and destroyed infrastructure in places like Saint Martin, the US Virgin Islands and Antigua and Barbuda, said the Germany-based Center for Disaster Management and Risk Reduction Technology, which is attached to the Karlsruhe Institute of Technology.