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Nov 17
Ida damge estimates climb

​FEMA’s initial estimate of Hurricane Ian’s impact on the National Flood Insurance Program is in the range of $3.5 billion to $5.3 billion, reports the Insurance Journal (11/14/22, National News). Florida’s quasi-public insurer of last resort now puts its Ian losses at $3.8 billion, reports IBA magazine (11/16/22, Smith). Insured losses from Category 1 storm Hurricane Nicole could top out at $750 million, reports the Insurance Journal (11/14/22, Southeast News).​​​


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