New You can now listen to Carrier Management articles!

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:

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:

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:

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:

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:

Compiled by Carrier Management from modeling firm media statements