Verisk, a leading global data analytics and technology provider, estimates industry insured losses to onshore property for Hurricane Idalia will range from $ =2.5 billion to $4 billion.
Tag: Hurricane Idalia
How Billion-Dollar Hurricanes, Other Disasters Are Starting to Reshape Insurance Bills
As coastal residents pick up the pieces in Florida, Georgia and the Carolinas, the final price tag from Idalia is far from clear. But one thing is already known – the storm is yet another reminder that protecting homes with insurance is getting harder, riskier and more expensive.
Florida-only Insurers Weather Hurricane Idalia Amid Market Pullback
Florida-only insurers such as Citizens Property Insurance anticipate fewer losses from Hurricane Idalia than from previous storms in the state, even as industry experts expect further insurer pullback from the market.
Hurricane Idalia Makes Landfall in Florida
Hurricane Idalia’s damaging winds moved inland through northern Florida early Wednesday as a catastrophic storm surge washed through the coastal Big Bend region.