BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Florence insured losses could reach $10B: CoreLogic

Florence insured losses could reach $10B: CoreLogic

Insured losses from Hurricane Florence will fall in the $6 billion to $10 billion range, with private insurers responsible for less than $5 billion of those losses, according to CoreLogic.

Insured flood loss covered by the National Flood Insurance Program is estimated to be between $2 billion and $5 billion, as 445,000 total residential and commercial property NFIP policies are in force in North Carolina, South Carolina and Virginia, the Irvine, California-based catastrophe modeling firm said on Monday.

CoreLogic estimated total flood and wind losses from Florence at between $20 billion and $30 billion, with 85% of residential losses uninsured.






Read Next

  • Hurricane Florence likely to generate E&S market losses: Fitch

    The excess and surplus lines market is poised to generate a significant direct underwriting profit this year, but substantial losses may emerge from Hurricane Florence’s likely landfall in the Carolinas on Friday, Fitch Ratings Inc. said in a report issued Thursday.