RMS pegs Hurricane Isaias loss estimates as high as $5 billion

Hurricane Isaias - American dollars
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The insured total loss estimates in the United States include those from NFIP claims. The Risk Management Solutions (RMS) catastrophe risk modeling firm has predicted that the total insured losses associated with Hurricane Isaias in the United States will be between $3 billion and $4.5 billion. The Atlantic storm caused less than $500 million in insured damage in the Caribbean, said RMS. The US estimate includes the losses the National Flood Insurance Program (NFIP) covered from Hurricane Isaias. Those were estimated to have fallen between $400 million and $700 million,…

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