Hurricane Ian is projected to be one of the deadliest hurricanes in Florida history, and very early damages estimates put the potential insured damages in the $20 billion to $40 billion range, according to the Insurance Information Institute (Triple-I).
CoreLogic is estimating that wind and storm surge losses will range from $28 billion to $47 billion.
Breaking it down, CoreLogic anticipates wind losses to range from $22 billion to $32 billion, while storm surge is anticipated to result in losses ranging from $6 billion to $15 billion for both National Flood Insurance Program and private flood markets.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
