Hurricane Maria Caused as Much as $85 Billion in Insured Losses, AIR Worldwide Says

(Worthy News) – Hurricane Maria caused an estimated $40 billion to $85 billion in insured losses, mostly in Puerto Rico, catastrophe-modeling firm AIR Worldwide said Monday.

Maria was the worst storm to hit Puerto Rico since 1928 and devastated the island, causing widespread property damage and power outages. The storm also caused extensive damage in Dominica.

More than 85% of the insured loss is in Puerto Rico, AIR said. The firm’s preliminary damage estimate is higher than the firm’s estimates for Hurricane Harvey, which made landfall in Texas in August, and Hurricane Irma, which passed through the Caribbean before reaching Florida earlier this month. [ Source (Read More…) ]