Insurance Claims Adjuster, Claims News, INSURANCE/CLAIMS, Insured Loss Estimate from Hurricane Irene Rises to $4.3 Billion Claims-Portal.com

Become a member and contribute content to Claims-Portal.com Add your company to the Claims-Portal.com Vendor Directory Add job openings to the Claims-Portal.com Career Center
Claims-Portal.comClaims News
My Claims-Portal
Jun 25, 2017    
 - Member Benefits
 - Become a Member
 - About Us
 - Advertising

this page!
Independent Adjusters
Employers/Recruiters
Claims Software

Browse Categories
Claims News Sections
  INSURANCE/CLAIMS
  LEGAL/JUDGEMENTS
  WEATHER/CATS
Announcements
  Association Announcements
  Business Announcements
  NAIIA Member Announcements
  Other Categories
 
Claims-Portal Vendor Directory

News » INSURANCE/CLAIMS News

Print Story

Insured Loss Estimate from Hurricane Irene Rises to $4.3 Billion

advertisement
Dyanclaim for Claims Websites

An insurance industry service that tracks catastrophe losses has sharply raised its estimates for Augustís Hurricane Irene, projecting insured property damage of $4.3 billion from the first hurricane to hit the United States in three years.

Property Claim Services, which bases its estimates on confidential insurer surveys and its own database of houses across the country, raised its estimate by nearly 18 percent from its previous report in late September.

Irene caused substantial damage from the Carolinas through New England, prompting evacuations of parts of New York City. It generated some 855,000 insurance claims, PCS said, averaging just slightly more than $5,000 per claim.

PCS said the greatest damage was in New Jersey and North Carolina, at $915 million and $900 million, respectively. In total 14 states had damage of at least $10 million and eight states had damage in excess of $100 million.

The estimates do not include uninsured property, nor do they include flood damage that is insured by the National Flood Insurance Program. In some states, like Vermont, flood losses were more severe than other kinds of damage.

PCS said it would publish a revision in two months.

(Reporting by Ben Berkowitz, editing by Dave Zimmerman)

Print Story
Send This Story To Someone
Your Email:
Their Email:
  Comments:
 

Claims News Home Page   |   RSS Feeds
Announcements   |   Member Blogs   |   Newsletters   |   Letters
Submit A News Story   |   Contact The Editor

  •  Announcements
  •  Claims Events
  •  Insurance News
  •  Special Offers
  •  Newsletters
  •  Blogs
  •  RSS Feeds
  •  Directory
  •  insURLinks
  •  Classifieds
  •  About Us
  •  Contact Us
  •  Advertising
  •  Member Search

  •  Registration
  •  Login
  •  E-Mail Lists
  • Home  |   Privacy Policy  |   Terms of Service  |   Site Map
    © 1998-2017 E-Claim.com, LLC