Helene costs may top $30 billion; recovery is a marathon: Updates [USA TODAY]
SWISS RE LTD S/ADR (SSREY)
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Source: USA TODAY
The estimates account for wind loss, insured and uninsured storm surge, and inland flood loss for residential and commercial properties across 16 states, according to CoreLogic, a California-based financial and consumer analytics company that tallied losses. Helene, which first hit Florida as a category 4 hurricane on Sept. 26, is estimated to have caused between $10.5 and $17.5 billion of insured losses alone. Helene's path caused extensive flooding in several areas without insurance, Monica Ningen, CEO of U.S. Property & Casualty Reinsurance at Swiss Re, said, adding this will “make the task of rebuilding the communities impacted all the more difficult.” Take , where much of the devastation has happened in a mountainous region far from the Atlantic Ocean. Only 941 of 140,000 housing units in the county had active flood insurance policies, according to Swiss Re, a global insurance and reinsurance company. , making it the fourth-deadliest hurricane in the mainland U.S. since 19
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