Insurance market says it is still working out its liability for Hurricane Maria, earthquake in Mexico and Asian typhoons

Lloyd’s of London, the world’s biggest insurance market, has started paying out the first of $4.5bn (£3.6bn) of claims related to tropical storm Harvey and Hurricane Irma, which wreaked havoc in the southern US and Caribbean.

Inga Beale, the Lloyd’s of London chief executive, said: “The market is assessing claims and starting to make payments that will help local communities and businesses get back on their feet as quickly as possible.”

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