2017 will be one of the worst years for insurance claims for natural disasters, says Hiscox, as Swiss Re says its bill will be around £2.7bn

Hurricanes Harvey, Irma and Maria, along with two recent earthquakes in Mexico will cost the insurance industry $95bn (£72bn), according to estimates released on Friday.

Swiss Re, one of the world’s biggest reinsurance companies, made the estimate as it admitted its own bill for the natural disasters would be around $3.6bn.

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