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Thursday, 15 October 2020 23:04

Hurricane Delta Loss Estimates Add to Already Costly 2020 Season

Written by Danielle Ling, PropertyCasualty360

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“Recovery from Hurricane Delta will likely be exacerbated due to ongoing rebuilding efforts following Hurricane Laura,” Tom Larsen, principal, insurance solutions at CoreLogic, said in the report.

 

“Damage from Hurricane Laura extended inland and concentrated on roofs and exterior building cladding, and Delta’s impact could have a double-jeopardy impact. For homeowners, it is critical to work hand-in-hand with insurers to understand their coverage and financial responsibility.”

 

CoreLogic’s analysis examines onshore losses for residential homes and commercial properties and incorporates contents and business interruption, but does not include broader economic loss from the storm.

 

We thank PropertyCasualty360 for reprint permission.


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