Over the course of the last two weeks, Carrier Management and Insurance Journal have been reporting on estimates of insured losses from Hurricane Ian. Below is a summary of estimates announced by four risk modelers so far (listed chronologically).

Forecaster: CoreLogic

Date: 09/29/2022

Range or Estimate: $28-$47 billion

States, Perils Included: Florida Only; wind and NFIP + non-NFIP storm surge

Other Notes: Excludes demand surge

Related articles:

• Ian Insured Loss Estimates Rise: New High Over $60B (carriermanagement.com)
• Hurricane Ian Losses Up to $47B in Florida, Sinking More Insurers, CoreLogic Calculates (insurancejournal.com)

Forecaster: KCC

Date: 09/30/2022

Range or Estimate: $63 billion

States, Perils Included: Onshore U.S. and Caribbean; Privately insured loss from wind, storm surge and inland flood

Other Notes: Includes demand surge, excess litigation; excludes NFIP, uninsured flood and wind

Related articles:

• Ian Insured Loss Estimates Rise: New High Over $60B (carriermanagement.com)
• KCC Estimates Near $63B in Hurricane Ian Insured Losses (insurancejournal.com)

Forecaster: Verisk

Date: 10/03/2022

Range or Estimate: $42-$57 billion

States, Perils Included: Privately insured losses from wind, storm surge and inland flood

Other Notes: Includes demand surge; excludes litigation, social inflation, NFIP

Related articles:

• Ian Insured Loss Estimates Rise: New High Over $60B (carriermanagement.com)
• Verisk: Up to $57B Insured Losses from Hurricane Ian (insurancejournal.com)

Forecaster: CoreLogic

Date: 10/06/2022

Range or Estimate: $31-$53 billion

States, Perils Included: All States: Wind, NFIP + non-NFIP storm surge, inland flood

Other Notes: Excludes demand surge and uninsured losses; range including uninsured losses is $41-$70 billion

Related articles:

• New and Revised Ian Loss Estimates, Images of Property Damage Published (carriermanagement.com)
• Insured Damages From Hurricane Ian $31-$53B: CoreLogic (insurancejournal.com)

Forecaster: RMS

Date: 10/07/2022

Range or Estimate: $53-$74 billion; best estimates $67 billion

States, Perils Included: Privately insured losses from wind, storm surge and inland flood

Other Notes: Includes demand surge, excess litigation; excludes NFIP, uninsured flood and wind

NFIP could add another $10 billion to range

Related articles:

• New and Revised Ian Loss Estimates, Images of Property Damage Published (carriermanagement.com)
• RMS Range of Insured Losses From Ian $53-$74B, ‘Best Estimate’ of $67B (insurancejournal.com)

Compiled by Carrier Management from modeling firm media statements