Get all your news in one place.
100's of premium titles.
One app.
Start reading
Al Jazeera
Al Jazeera
Environment

Hurricane Ian deals blow to Florida’s shaky insurance sector

A road is completely filled with a tall pile of debris from destroyed beachfront homes and businesses in the aftermath of Hurricane Ian, in Fort Myers Beach, Florida, the United States [File: Rebecca Blackwell/AP]

Many residents of Florida whose homes were destroyed by Hurricane Ian are now facing the arduous task of rebuilding without insurance – or paying even steeper prices in an insurance market that was already struggling.

Wind and storm-surge losses from the hurricane could reach between $28bn and $47bn, making it Florida’s costliest storm since Hurricane Andrew made landfall in 1992, according to the property analytics firm CoreLogic.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.