Hurricane Isaias likely caused $4 billion of insured losses in the U.S. and $200 million in the Caribbean, according to a new report from Karen Clark & Co.
The estimates cover privately insured wind and storm surge damage to residential, commercial, industrial properties and automobiles, KCC said. Not included: NFIP losses.
Isaias initially formed as a tropical storm on July 29, made Bahamian landfall on July 31 and intensified into an 85-mile-per-hour storm as it made landfall in Ocean Isle Beach, N.C., on Aug. 3.
Damage in the U.S. East Coast included power outages and downed trees that caused structural damage and crushed automobiles. More than three million customers along the Atlantic coast lost power—and some were still without electricity a week later, KCC noted. There was also wind damage to roof coverings and siding, and window openings of commercial and residential buildings during the hurricane. Some older buildings sustained severe structural damage.
In the U.S., hurricane damage took place in more than 12 states.
In the Caribbean, high winds caused damage in Puerto Rico, the Dominican Republic and Bahamas, including downed trees and power lines. More than 350,000 people in Puerto Rico lost power, and the storm damaged a number of communication towers, KCC said.