Puerto Rico’s Losses From Hurricane Maria May Top $72 Billion

Tuesday, September 26th, 2017 Auto Catastrophe Excess & Surplus Lines Property

As Puerto Rico continues to plead for more aid from federal agencies, catastrophe-modeling firm AIR Worldwide says the storm could result in up to $72 billion in losses on the island. Overall, says the group, losses from Hurricane Maria are estimated to range between $40 billion and $85 billion. That’s higher than the estimated damages from Hurricane Harvey or Hurricane Irma. And at least 85% of those damages are in Puerto Rico.Those losses also do not include losses to uninsured properties - and only half of the homes in Puerto Rico are thought to have policies that protect against wind damage, meaning the grand total could easily near or top $100 billion.

---

http://fortune.com/2017/09/26/hurricane-maria-puerto-rico-loses/

---