Damages from Hurricane Irene top $4B
A new report has increased the estimated total losses incurred as a result of Hurricane Irene this past August.
Data collected by Insurance Services Office's Property Claim Services unit resulted in an estimate of $4.3 billion in insurance losses from the storm, Reuters reports, in what is an 18 percent increase from its previous report.
According to the report, there were more than 850,000 claims made through homeowners insurance and other policies, averaging more than $5,000. Damages topped $10 million in 14 states along the East Coast, with claims reaching $900 million in North Carolina and New Jersey.
Those estimates also do not include any uninsured damage or flood insurance claims paid through the National Flood Insurance Program, meaning the actual damage total is likely much higher. States such as Vermont were hit with heavy flooding from the storm.
The 2011 hurricane season was especially active, even though Irene was the only storm to hit the mainland U.S. According to Eqecat, the 18 named storms in the North Atlantic this past year made 2011 the fifth-most active year since 1900.
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