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Suffolk County, NY Tops Hurricane Irene Loss List

The numbers are in, and the “winner” in the “who had more damage from Hurricane Irene” contest is Suffolk County, NY, at least if you’re measuring by the total amount of insured property loss. Overall, the three states that saw the most damage to insured property (topping $500 million) were New Jersey, New York, and […]

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Irene-induced Losses Shouldn’t Prompt Insurance Rate Hike

Reuters reported yesterday that while the official total for insured losses caused by Hurricane Irene are not yet official or complete the catastrophe modeling company AIR Worldwide is estimating $3 to $6 billion…and while those are big numbers, they’re actually lower than what was anticipated. Before Irene actually made landfall, many insurance industry analysts were […]

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