# Isabel Loss Estimate Jumps To $1.17B 

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Canonical: https://www.claimspages.com/news/i1297/

Loss estimates from Hurricane Isabel are increasing over initial projections of $1 billion, according to insurer data organizations and individual insurer estimates.

Jersey City, N.J.-based Insurance Services Office‘s Property Claim Services Unit said in a statement that insurers are expected to pay about $1.17 billion in losses related to the Sept. 18-19 storm that struck several Middle Atlantic states. Total anticipated claims are 458,000, according to ISO.

Previous estimates by New York-based Insurance Information Institute and Newark, Calif.-based Risk Management Solutions, Inc. were $1 billion in insured losses.

ISO spokesperson Dave Dasgupta explained that the PCS estimate is based on a survey of actual claims that have been received by insurers, and then making a projection of the total losses that will have to be paid.

Sources:
- National Underwriter (http://www.nationalunderwriter.com/pandc/hotnews/viewPC.asp?article=10_2_03_16_10499.xml&src=5)