Hurricane Laura Expected to Cost Insurers as Much as $9 Billion

A resident stands next to a hole in the roof of a damaged home in Lake Charles, Louisiana on Aug. 28.Photographer: Bryan Tarnowski/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Katherine Chiglinsky

August 31, 2020 at 12:15 PM UTC

This article is for subscribers only.

The hurricane that pummeled Louisiana last week is expected to cost insurers $4 billion to $9 billion, according to estimates from two risk-modeling firms.

AIR Worldwide said insured losses from Hurricane Laura’s wind and storm surge will probably be $4 billion to $8 billion, while Karen Clark & Co. estimated that the total will be closer to $9 billion in the U.S. and Caribbean, the companies said in separate statements Monday.