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Estimated Hurricane Ian, storm-surge losses to be between $28b and $47b
Research - SEPTEMBER 30, 2022

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Estimated Hurricane Ian, storm-surge losses to be between $28b and $47b

by Released

Hurricane Ian, according to CoreLogic®, is expected to result in wind losses for residential and commercial properties in Florida of between $22 billion and $32 billion. Insured storm-surge losses in Florida are expected to be an additional $6 billion to $15 billion.

“This is the costliest Florida storm since Hurricane Andrew made landfall in 1992 and a record number of homes and properties were lost due to Hurricane Ian’s intense and destructive characteristics,” said Tom Larsen, associate vice president, hazard & risk management, CoreLogic. “Hurricane Ian will forever change the real estate industry and city infrastructure. Insurers will go into bankruptcy, homeowners will be forced into delinquency and insurance will become less accessible in regions like Florida.”

If forecasts hold steady, CoreLogic expects Hurricane Ian to continue bringing flash-flood devastation across Florida and potentially into South Carolina and Georgia. Residents w

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