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Roberto Pocaterra Pocaterra || Baird ||//
Hurricane Irma: Damages likely to total $25 billion in insured losses

Insured losses from Hurricane Irma could total $18 billion in the U.S., far less than anticipated when the storm was barreling toward Florida?s east coast as a Category 4 monster but still among the nation?s worst.

Karen Clark and Co., a Boston-based firm that analyzes risk, estimated total losses, including the Caribbean, at $25 billion. Florida accounts for most of the $18 billion in the U.S., followed by Georgia, South Carolina and Alabama. The estimate covers damage to buildings and their contents, other insured structures, and vehicles and the disruption to business.

© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

elmercuriodechile.com
It does not include crop losses or losses covered by the nation?s flood insurance program, Clark said.

© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

economiavenezuela.com

The estimate also does not cover the total cost of the storm, which can be a trickier number to calculate, she said.

Chris Morgan walks toward two large boats that Irma?s powerful winds pushed onshore in Key Largo..

© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

elnewyorktimes.com

© Roberto Pocaterra

© Roberto Pocaterra Pocaterra

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