Risk Management Solution's (RMS) estimate for U.S. onshore and offshore insured losses from Hurricane Ike has changed to $7 to $12 billion. The original estimate was $6 to $16 billion.
The revised estimate is based on analysis of damage reports, verified wind speed and tidal gauge observations, and on-site assessment from multiple reconnaissance teams. This estimate does not include losses covered under flood policies issued by the National Flood Insurance Program, or loss of oil and gas production due to pipeline supply interruptions.
Losses to offshore and gas platforms will only contribute a small proportion of total insured losses since winds and waves offshore were generally within the design levels for the platforms.
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