HVRRF - Hurricane Isaias Industry Loss Seen Over $1bn: Aon
Hurricane Isaias, which impacted the Caribbean, made landfall in the Bahamas, then raked the Florida coast, after which it made landfall in the Carolinas and went on to impact the U.S. northeast including New York, is expected to cause insured losses of more than $1 billion.
Reflecting on Hurricane Isaias' impacts, insurance and reinsurance broker Aon's catastrophe risk analysis and meteorology division Impact Forecasting explained that, "Total economic and insured losses were each individually expected to surpass USD1 billion."
Hurricane Isaias only managed to become a Category 1 hurricane, with its maximum sustained winds reaching