Fifty people were killed in this weekend’s mass shooting at the Pulse night club in Orlando, according to the Florida city’s mayor Buddy Dyer.
The suspect is Omar Mateen, who, according to an NBC News report, called emergency services before the hostage event to claim he was acting in the name of Islamic state (IS).
The death toll of 50 given by Dyer means that the Orlando attack surpasses the 2007 massacre at Virginia Tech which left 32 people dead.
Last year the San Bernardino attack in California, believed to be inspired by IS, killed 14 people and left 22 seriously wounded.
Some US politicians have already pointed towards labelling the Pulse attack an act of Islamist terrorism, citing the targeting of a gay club, and Mateen’s background as a US Muslim believed to be of Afghan descent.
Insurance consequences from the Orlando attack depend on whether or not the US government classifies the tragedy as terrorism, as well as the extent of any terrorism coverage bought by the venue.
“That will depend on the US government designation,” one terrorism insurance source told Reactions. “It is unlikely to be a significant property loss, but in terms of human lives lost, this is a big loss.”