# Estimated Isabel Loss $500M to $2B 

_News_

Canonical: https://www.claimspages.com/news/i1283/

Newark, Calif.–based Risk Management Solutions said today that it estimates that insured losses from Isabel could fall in the $500 million-to-$2 billion range.

The provider of products and services for the management of catastrophe risk projected that insured losses approaching the lower figure--roughly $500 million—could be realized if the storm continues on its current track toward Cape Lookout in North Carolina.

If the storm makes landfall further north, with a more direct strike on Norfolk, Virginia Beach, and the Chesapeake Bay region, insured losses could be as high as $2 billion, RMS said.

Hurricane Isabel is currently a borderline Category 2-to-3 storm, and is expected to make landfall on Thursday afternoon (local time).

Sources:
- National Underwriter (http://www.nationalunderwriter.com/pandc/hotnews/viewPC.asp?article=9_17_03_17_10322.xml&src=5)