Verisk estimates Isaias insured losses at $1-2bn, driven largely by wind damage
Verisk’s Catastrophe and Risk Solutions business has estimated insured industry losses to onshore property from Hurricane Isaias at between $1 billion and $2 billion, with wind damage expected to account for the vast majority of losses. Verisk explained that the estimate covers wind and privately insured storm surge losses from Isaias’ Florida Panhandle landfall. It…