A new report found estimated insured and uninsured damages in Florida and impacted states following Hurricane Ian total between $41 billion and $70 billion.
Sarasota, Florida Mayor Erik Arroyo discusses the recovery process, including bipartisan aid, after Hurricane Ian devastated his community.following Hurricane IanThe analytics and data provider CoreLogic said that that estimate includes wind loss, re-evaluated insured and uninsured storm surge loss and newly calculated inland flood loss for residential and commercial properties.
Flood loss from private insurance and the National Flood Insurance Program for residential and commercial properties is estimated to be between $8 billion and $18 billion. A sign is stuck in a pile of home furnishings that reads"please don't take anything insurance must document you loot I shoot" on Oct. 7, 2022 in Fort Myers, Florida., South Carolina and other states is estimated to be between $10 billion and $17 billion.
CoreLogic used the U.S. Inland Flood Model and the CoreLogic North Atlantic Hurricane Model to reach these conclusions. Renardo Josino rests in his vehicle on Oct. 7, 2022 in Fort Myers, Florida. Mr. Josino said he was in the area hoping to help people recover from the storm and with no hotel rooms available he is using his van.A destroyed house following Hurricane Ian in Fort Myers Beach, Florida, US, on Tuesday, Oct. 4, 2022.The inland flood analysis is based on the rainfall from Sept. 25 to Oct. 4.
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