Hurricane Dorian Seen Costing The Bahamas At Least $7 Billion

  Thursday, September 5th, 2019 Source: Bloomberg

Hurricane Dorian, which pummeled the Bahamas, could cost the country $7 billion in insured and uninsured losses, according to an estimate from risk modeler Karen Clark & Co.

The preliminary estimate combines damage to commercial, residential and industrial properties as well as business-interruption expenses, the company said in a report Thursday.

The figure doesn’t include vehicle losses or damage to infrastructure.

Dorian swept over the Bahamas as a Category 5 storm, killing at least 20 people on Abaco Island, and is bearing down on the Carolinas as a Category 3.

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