Hurricane Isaias Expected to Cost Insurers $4 Billion in U.S.

Hurricane Isaias, which left millions without power in the Northeast, is expected to cost insurance companies about $4 billion in the U.S., according to risk modeling firm Karen Clark & Co.

The storm also caused about $200 million of insured losses in the Caribbean, the company said in a report Monday. Those figures include wind and storm surge damage covered by the insurance industry, but doesn’t include National Flood Insurance Program losses.