Irma Could Cost $125 Billion in Damage in U.S.

The video discusses Lloyd's insurance market's catastrophe scenarios for Florida, highlighting potential industry losses from hurricanes. It compares historical hurricanes like Andrew and Katrina, adjusting for inflation, and examines the challenges faced by Florida's insurance industry due to increased development and population. The video also explores the impact of storms on insurance claims, particularly the difference between wind and flood damage coverage.

What factors contribute to the difficulty of filing claims for individuals in Florida during catastrophic events?

What type of damage is primarily covered by insurers and reinsurers during a category 4 or 5 storm?