Estimated Privately Insured US Losses from Hurricane Hilary Approach $600 Million

Karen Clark & Co. on Monday said privately insured losses from Hurricane Hilary will be close to $600 million in the U.S.

This estimate includes the privately insured damage to residential, commercial and industrial properties, as well as automobiles. It does not include boats, offshore properties, or NFIP losses, a statement from KCC said.

Hilary made landfall at 11 a.m. Pacific time on August 20 with peak winds of 65 mph near San Quintín in Baja California, bringing record amounts of rain to western Mexico and Southern California. After making landfall, the center of the storm continued to move northward and transitioned to a post-tropical cyclone on August 21.