Hurricane Ian ‘costliest’ Florida storm in 30 years with up to $47bn expected losses

30-09-2022

Hurricane Ian ‘costliest’ Florida storm in 30 years with up to $47bn expected losses

shutterstock_1256683165

Residential and commercial wind and storm surge losses from major Hurricane Ian could be upwards of $47 billion, making it the “costliest Florida storm” since Hurricane Andrew made landfall in 1992. Ian will have an “industry-changing impact” on the future of real estate and infrastructure, forcing some insurance companies into insolvency and making coverage less accessible in regions like Florida, analysts have warned.


Hurricane Ian, Florida, Losses, Insurance, Costliest, Nat cat, CoreLogic, NHC, Wind surge, Property cat, North America

Intelligent Insurer