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Home / Insurance / Isaias insured $ 4B in the United States: KCC

Isaias insured $ 4B in the United States: KCC



Insured losses in the United States from Hurricane Isaiah are expected to amount to about $ 4 billion, according to a report by Karen Clark & ​​Co. on Monday.

Storm damage in the Caribbean will add another $ 200 million in insured losses, said the Boston-based disaster modeling company.

The estimate includes privately insured wind and storm damage to homes, commercial and industrial properties and cars, KCC said.

Losses from the National Flood Insurance Program are not included in the estimate, KCC said in a statement.

Isaiah brought harmful winds to Puerto Rico, the Dominican Republic and the Bahamas, causing fallen trees and power lines, the KCC said.

In the Bahamas, where not all repairs had been carried out to areas affected by Hurricane Dorian last year, roof damage and structural damage from fallen trees were observed in commercial and residential buildings, the KCC said.

In the United States, severe structural damage appears to be isolated to older buildings or those affected by tornadoes created by Isaiah, according to the KCC statement.

Some buildings with unique architectural features have suffered "significant damage," KCC said.

The KCC's estimate follows an earlier report by Aon who said insured losses from Isaiah would top $ 1

billion.


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