Login Register Subscribe
Current Issue


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”.

Gordon insured losses estimated at $125 million


Insured losses from Tropical Storm Gordon, which made landfall near the Alabama-Mississippi border Tuesday night with 70 mph sustained wind speeds, will be approximately $125 million, according to Karen Clark & Co.

The Boston-based catastrophe modeler issued the estimate Wednesday based on data from its high-resolution U.S. Hurricane Reference Model.

Modeled estimates include losses to residential, commercial, and industrial properties as well as automobiles, the company said in a statement.

Gordon is the second tropical or subtropical storm to impact the Gulf Coast in 2018 and did not intensify to the Category 1 hurricane that some feared.

Gordon was expected to become a Category 1 hurricane before landfall due to warm sea surface temperatures and relatively low wind shear over the Gulf of Mexico, Clark said.

The storm weakened rapidly once inland and became a tropical depression within hours of landfall, the Clark statement said, bringing tropical storm-force winds to Florida, Alabama and Mississippi.

Tropical storm Gordon started as a tropical depression in the Caribbean on Sunday, becoming a tropical storm Monday near the Florida Keys, according to Clark.