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
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Compiled by Carrier Management from modeling firm media statements
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