Hurricane Florence Demonstrates Perils of Being Underinsured/ Uninsured, Says RMS

January 22, 2019 by L.S. Howard

Hurricane Florence caused extensive freshwater flood damage in the Carolinas and parts of Virginia in September—and about 70 percent of those flood losses will be uninsured, according to RMS.

“The insured loss for Florence will be between $2.8 billion and $5 billion, which includes all the perils that the hurricane would have caused—wind, storm surge and inland flood damage, with inland flood being the main driver of those losses,” said Emily Grover-Kopec, vice president of Model Solutions at RMS, in an interview with Carrier Management.