South Florida might be spared a direct hit from Hurricane Ian, but insurance customers in the region and throughout the state could be stuck helping to pay the bill if the storm causes severe damage along its ultimate path.
While it’s still early to project exactly how much damage it’s going to create, industry analysts have been studying computer models and trying to predict how much the storm is going to cost.
Before the storm’s landfall near Fort Myers on Wednesday, some estimates ranged between $17 billion and $30 billion in insured wind damage and between $2 billion and $2.5 billion in flood damage. Hurricane Irma, by contrast, caused $32 billion in insured losses in 2017, Reinsurance News reported.
