Verisk Estimates Insured Losses for Hurricane Isaias Could Reach USD 2 Billion
Verisk estimates insured onshore property losses from Hurricane Isaias at USD 1 billion to USD 2 billion. The estimate covers wind and privately insured storm surge following the hurricane’s landfall in Florida’s Panhandle, with wind expected to account for most losses.
Why it matters — The estimate is a VRSK catastrophe-risk assessment that provides watchers with information about the company’s analysis of insured losses from a major event.