Insured losses in Mexico and the Caribbean from Tropical Storm Grace will be approximately $ 330 million, according to an analysis released by Karen Clark & Co.
This estimate includes privately insured property, commercial and industrial property damage. Grace was the first major hurricane to land during this year's North Atlantic hurricane season, according to the Boston-based disaster modeling company
Mexico, which had estimated damage of $ 300 million, saw two landings: near Tulum with a maximum of 80 km / h winds on August 19 and near Tecolutla with a maximum sustained wind of 125 km / h on August 21
Grace made the first national team in Mexico along the Yucatan Peninsula as a category 1
Central Mexico suffered significant damage, including structural damage to coastal structures from Category 3 wind speeds. The damage to the Yucatan Peninsula was less severe and consisted mainly of fallen trees.
In addition to the strong winds, Grace's rain caused floods in the states of Hidalgo, Puebla and Veracruz, washed out roads, caused landslides and damaged some residential buildings.
In the Caribbean, where damage occurred to about $ 30 million, Grace landed in Guadeloupe and Montserrat on August 14 with a maximum wind speed of 40 km / h.
The storm then struck Haiti and the Dominican Republic on 8 August. 16 with 35 mph maximum sustained winds, and Jamaica on August 17 with 50 mph maximum sustained winds.
Due to the lower speeds, wind damage was isolated in the Caribbean to Jamaica and the Cayman Islands.