Two Climate Disasters Put Insurance Industry in the Crosshairs

Climate Liability News

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The insurance industry is facing a staggering set of numbers from the country’s two latest disasters. Hurricane Irma will likely cause $20 billion to $40 billion in insured losses for homes, businesses and industrial properties, according to the risk modeling firm AIR Worldwide. Hurricane Harvey left behind an estimated $10 billion in insured losses from wind, flood and storm surge in Texas, AIR said, but estimates including uninsured losses reach as high as $75 billion in property destroyed.

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- Insurance Recovery Attorney | Anderson Kill P.C.
Managing Shareholder (Firm)
New York

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