Finance
Hurricane Helene Insurance Losses Expected to Reach $6.4 Billion
- Estimate covers damage from wind, flooding and storm surges
- Most of the damage occurred far from Florida landfall point
Boats are piled up in front of homes after Hurricane Helene in Treasure Island, Florida, on Sept. 28.
Photographer: Joe Raedle/Getty ImagesThis article is for subscribers only.
The destruction from Hurricane Helene is expected to cost insurers roughly $6.4 billion, according to an early estimate from catastrophe modeling firm Karen Clark & Company.
The insured losses in the estimate would cover wind, storm surge and inland flooding damage across nine states, KCC said in a statement Wednesday.