Insured losses from Hurricane Isaias could reach $2 billion, Verisk says
VRSK•Insured onshore property losses from Hurricane Isaias are expected to range from $1 billion to $2 billion, Verisk said.
1. Loss estimate
Verisk expects insured losses to onshore property from Hurricane Isaias to range from $1 billion to $2 billion. The estimate includes losses from wind and privately insured storm surge, with wind expected to account for most losses.
2. Damage in Florida
Isaias made landfall near Destin, Florida, last week, leaving hundreds of thousands of residents without power. The storm was a Category 2 hurricane when it hit Florida's coast; its most severe wind damage was in Santa Rosa and northeastern Escambia counties.
