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Evening Standard
Evening Standard
Business
Rhiannon Curry

Insurers face £50 billion bill from Hurricane Ian

The aftermath of Hurricane Ian in Matlacha, Florida

(Picture: AFP via Getty Images)

Insurance companies could face bills of up to £50 billion in the aftermath of Hurricane Ian, which caused devestation across Florida and the Carolinas last week.

The industry projection calculated by risk modeling firm Verisk includes estimated wind, storm surge, and inland flood losses resulting from Ian’s landfalls in both Florida and South Carolina.

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