Verisk expects insured losses to onshore property from Hurricane Ian to range between $42 billion and $57 billion. Verisk Extreme Event Solutions’ industry loss estimate includes estimated wind, storm surge, and inland flood losses from Ian’s landfalls in both Florida and South Carolina. Certain elements, such as losses to the National Flood Insurance Program and… Continue reading New Estimate Shows Insured Losses to Onshore Properties from Ian May Reach $57B
Tag: insured hurricane losses
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