Hurricane Dorian Seen Costing The Bahamas At Least $7 Billion
Thursday, September 5th, 2019 Catastrophe PropertyHurricane 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.
External References & Further Reading
https://www.bloomberg.com/news/articles/2019-09-05/hurricane-dorian-seen-costing-the-bahamas-at-least-7-billion
