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Triple-I Blog | Laura Loss estimates: $ 4 billion to $ 13 billion



This blog post has been updated based on new information received since it was published on September 4, 2020.

Hurricane Laura may have caused as little as $ 4 billion in insured damages or as much as $ 13 billion, according to early estimates.

Real Estate Information, Analysis and Data Provider CoreLogic said that residential and commercial insurance losses from Hurricane Laura in Louisiana and Texas will amount to between $ 8 billion and $ 1

2 billion. Most of the property damage occurred in southwestern Louisiana, where Laura landed early as a Category 4 hurricane with winds of 150 km / h.

Disaster Risk Models RMS puts the range between $ 9 billion and $ 13 billion. This includes wind and storm surge losses of between $ 8.5 billion and $ 12 billion, flood losses of $ 100 million to $ 400 million, and National Flood Insurance Program (NFIP) losses of $ 400 million to $ 600 million.

Disaster risk modeling company Air Worldwide said it expects losses related to Laura to fall in the range of $ 4 billion to $ 8 billion. The combination of the storm's tracks through less populated areas and its relatively small "Rmax" – the distance from the center of the storm to the site of maximum winds – should keep insured losses down, the company said.

Cat risk model Karen Clark & ​​Co. estimates that insured land losses due to wind and storm surges are likely to amount to $ 8.7 billion in the United States and $ 200 million in the Caribbean. Its estimate includes privately insured wind and storm flow damage to residential, commercial and industrial properties and cars but not losses covered by NFIP or losses to offshore assets.

All estimates are subject to change as more information becomes available.

19659008] Hurricane Laura


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