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Early damage estimates show how U.S. insurers have managed to underwrite policies to avoid the worst losses in hurricane-prone areas of Texas and Florida.
Travelers, the third-biggest U.S. property and casualty insurer, is one of the first big industry players to report initial loss estimates in the wake of Hurricanes Harvey and Irma.
Bad loans at U.S. banks as a result of Hurricanes Harvey and Irma would add to the damage for the financial industry, with insurers already facing more than $100 billion of losses from the storms.
Hurricane Irma could saddle insurance and reinsurance companies with $60 billion in losses, according to Barclays analyst Jay Gelb.
Insured damage could be the 'largest ever in the U.S.,' Barclays analysts say.