How much of the insured loss is attributed to the Caribbean?

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Insured Losses in the Caribbean from Hurricane Ida Estimated at US$40 Million

Insurers are anticipating approximately US$40 million in insured losses specifically from the Caribbean region due to Hurricane Ida. This figure represents a portion of the total estimated insured losses stemming from the hurricane's impact. The broader forecast for Hurricane Ida's insured losses encompasses damage across the United States as well.
Caribbean Loss Component Identified

The catastrophe modelling company Karen Clark & Co (KCC) has projected that US$40 million of the total insured loss will be attributed to the Caribbean. This specific figure highlights the financial impact on the region from the storm.
Total Insured Loss Projection

Overall, insurers are bracing for a substantial financial impact from Hurricane Ida, with total insured losses estimated at around US$18 billion (RM74 billion). This total includes losses from both the Caribbean and the United States.
Nature of Insured Damage

The forecast for insured losses includes damage to residential, commercial, and industrial properties, as well as automobiles. These estimates are based on wind and storm surge impacts primarily within the United States.
Exclusions from the Estimate

It is important to note that the current insurance loss forecast does not account for all potential damages. Specifically excluded from this estimate are losses related to boats, offshore properties, and any claims that fall under the US National Flood Insurance Program (NFIP).

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How much of the insured loss is attributed to the Caribbean?

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