Tag: Hurricane Laura

Total Insured Losses from Hurricanes Laura, Ida at More than $20 Billion

Hurricanes Laura and Ida has resulted in over $20 billion in insurance losses, Louisiana insurance commissioner Jim Donelon said. Speaking with Jan Swift on the Discover Lafayette podcast, Donelon said some insurers in Louisiana have gone bust as a result. Fortunately, the Louisiana Insurance Guaranty Association is in place to protect property and casualty policyholders… Continue reading Total Insured Losses from Hurricanes Laura, Ida at More than $20 Billion

AIR Worldwide Estimates Insured Losses for Hurricane Laura Will be Between $4B and $8B

A hurricane on earth viewed from space. This is a rendered image.

Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Laura’s winds and storm surge will range from $4 billion to $8 billion. AIR Worldwide is a Verisk business. “Although comparisons between Laura and Hurricane Rita (2005) have been made, they differ in two important ways: Rita was… Continue reading AIR Worldwide Estimates Insured Losses for Hurricane Laura Will be Between $4B and $8B

Hurricanes Keep Getting More Destructive

FEMA Flood insurance rates

A destructive storm is rising from warm waters. Again. America and the world are getting more frequent and bigger multibillion dollar tropical catastrophes like Hurricane Laura, which is menacing the U.S. Gulf Coast, because of a combination of increased coastal development, natural climate cycles, reductions in air pollution and man-made climate change, experts say. The… Continue reading Hurricanes Keep Getting More Destructive

CoreLogic Estimates $8B-$12B in Insured Losses from Hurricane Laura Wind and Storm Surge

CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, today announced updated residential and commercial wind and storm surge loss estimates for Hurricane Laura. According to this new data analysis, insured wind and storm surge losses for residential and commercial properties in Louisiana and Texas are estimated to be between $8 billion and… Continue reading CoreLogic Estimates $8B-$12B in Insured Losses from Hurricane Laura Wind and Storm Surge

Hurricane Laura Slams Into Gulf Coast, Leaves 500,000 Without Power

A hurricane on earth viewed from space. This is a rendered image.

Hurricane Laura weakened to a Category 2 storm hours after barreling ashore near the Texas-Louisiana border, but it continued to threaten what forecasters described as lethal flooding and widespread wind damage. Laura made landfall overnight as a storm of historic proportions, with wind speeds of 150 miles an hour, according to the National Hurricane Center,… Continue reading Hurricane Laura Slams Into Gulf Coast, Leaves 500,000 Without Power