A new risk model from Karen Clark & Company (KCC), which contains over 90,000 hurricanes, estimates that a strong Category 5 storm making landfall near Miami would drive re/insured residential losses of more than $200 billion.
KCC explains that one of the worse-case scenarios for the state of Florida is a landfall near Miami with a track continuing north through areas of Fort Lauderdale and Palm Beach, which is actually a very similar track to what hurricane Irma threatened at one stage.
The KCC model contains more than 90,000 hurricanes, and reveals that more than 35,000 of these impact Florida.
