Hurricane Helene is estimated to drive private market insurance and reinsurance industry losses in a range from $6 billion to as high as $11 billion by Verisk.Verisk’s initial estimate for hurricane Helene is based on industry insured losses due to wind, storm surge and hurricane precipitation induced flood in the US, but does not include any NFIP losses.It can therefore be compared to the one from , with an $11 billion best estimate.Other data points to compare with include Karen Clark & Company which had estimated private wind and surge losses at .

As well as .CoreLogic’s estimate for the private market is between $6 billion and $11 billion.Across all those private market loss estimates, the average is currently $8.6 billion.

“The devastation and loss of life caused by Hurricane Helene is truly heartbreaking,” Rob Newbold, president of Verisk Extreme Event Solutions said.“This event is a reminder to the insurance industry to remain diligent in efforts to learn from and understand the profound impacts of catastrophes.The resilience of communities facing such devastating challenges is remarkable and we are inspired by how they have already started to rebuild and prepare for a safer future.

We are committed to supporting recovery efforts however we can.” It’s worth noting that, Verisk’s loss estimates do not include: – .– Hurricane Helene insured loss estimate now $10.5bn – $17.5bn including NFIP: CoreLogic.– .

– Hurricane Helene private/public insured losses likely at least in higher single-digit billions: Aon.– .– Hurricane Helene insurance industry loss estimated close to $6.4bn by KCC.

– .– Hurricane Helene floods over 100k buildings, at least 10k to over 5 feet: ICEYE.– .

– Florida reinsurance dependency in focus after Helene, with $5bn+ loss expected: AM Best.– .– Hurricane Helene private insurance loss seen mid-to-high single-digit billions: Bowen, Gallagher Re.

– .– Hurricane Helene insured wind/surge property loss in Florida/Georgia initially said $3bn – $5bn: CoreLogic.– .

– Hurricane Helene landfall at Cat 4 140mph winds, Tampa Bay sees historic surge flooding.– .– Minimal to no cat bond impact expected from hurricane Helene if track unchanged: Plenum..

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