Losses from Hurricane Irene are likely to be material but manageable for U.S. insurers and...

|By:, SA News Editor

Losses from Hurricane Irene are likely to be material but manageable for U.S. insurers and reinsurers, Fitch says, noting that AIR Worldwide has made an estimate of $3B-$6B. As a result, Fitch doesn't anticipate any ratings changes tied solely to losses from the storm.