South Carolina, other states make damage assessments after Hurricane Irene
More than a week after Hurricane Irene left a path of destruction along the East Coast, South Carolina property owners were spared significant losses, according to an industry spokesman.
Russ Dubisky, executive director of the the South Carolina Insurance News Service, told the Associated Press that its member companies had received about 300 claims, which includes homeowners insurance, through the first few days of September, totaling less than $5 million altogether.
He noted to the paper that the kinds of losses insurers have sustained is similar to what they'd receive after a significant thunderstorm.
Meanwhile, officials in other states are reporting much more costly losses, according to Reuters. For instance, in North Carolina, Governor Bev Perdue said economic costs to the state would likely top $150 million. In New York, Governor Andrew Cuomo estimated the clean-up effort would exceed $1 billion. And in landlocked Vermont, Vicky Parra Tebetts of the Vermont Chamber of Commerce told the news service that no damage total had yet been determined, as homeowners are still in recovery mode following severe flooding.
"I don't anticipate whole towns are going to be stranded and cut off from the rest of the world for months on end but the long-term repair of roads is another issue," she said.
Related Home Insurance Articles:
- Homes destroyed by Nevada wildfire May 23, 2012
- Researchers hope to better understand tornado damage May 22, 2012
- Total costs from Minneapolis tornado reach $80 million May 21, 2012
- Analysis shows more than $2B of insurance claims from Joplin tornado May 18, 2012
- Recovery continues for Michigan tornado victims May 17, 2012
