Thursday, 20 October 2011 16:13

New York’s Suffolk County Had Biggest Insured Property Loss From Irene

Written by  Staff/Insurance Journal
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New York State’s Suffolk County suffered the highest insured property loss among the 191 counties affected by Hurricane Irene, according to the latest estimate and reports made by Insurance Journal.

New Jersey, New York and North Carolina were the top three states with sustained insured property damage topping $500 million from Irene. Virginia and Maryland completed the top five. The estimate was prepared by insurance data provider Verisk Analytics and released on Oct. 17. Among the individual counties affected by Irene, Suffolk County, New York, was followed by Dare County, North Carolina—with more than $200 million of insured property damage in each—ranked first and second by insured damage. Completing the top five worst-hit counties from an insured property damage standpoint—with more than $150 million in damages in each—are Nassau County, New York; Monmouth County, New Jersey; and Worcester County, Maryland.

Overall, eight counties had estimated insured property damage in excess of $100 million.

Verisk Analytics’s estimate, called Verisk Catastrophe Index, was prepared for the District of Columbia and the 13 states and 191 counties within these states that were affected by Hurricane Irene.

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