[independentmind]

That assumes that the insurance industry can cover the losses. I have read some speculation that the losses may be so substantial that the Federal Govt may have to bail them out.

[ealgeone]

I work in the industry. This storm is hitting a path about as bad as it could. If it had gone up the east coast it would have been equally bad as it would have hit Savannah, Hilton Head and Chalreston.

[SkyPilot]

That assumes that the insurance industry can cover the losses. I have read some speculation that the losses may be so substantial that the Federal Govt may have to bail them out.

Correct. And Houston area already needs bailout funds because only one house in 25 had flood insurance. If there is a major earthquake or other such disaster in the US soon following Irma, I think the insurance industry would almost collapse.