CEDIM Forensic Disaster Analysis Group (FDA): Hurricane Irma – Report No. 1, Focus on Caribbean up until 8th September 2017

Summary

• $10 billion + represents the worst storm of all time across the Caribbean surpassing inflation-adjusted David

• Major damage in dependencies of the US, UK, French and Dutch dependencies.

• longest Cat 5 storm of all time across the Atlantic - Jose is on the way and expected to track through Anguilla and Barbuda causing additional damage.

• Losses are upwards of 100% of GDP in Sint-Maarten and Saint Martin; St. Barts; British Virgin Islands and also ver high in Virgin Islands (US and UK).

• Tourism is key to many of these locations with around 50-60% of GDP derived through it.