Revealed - Insured losses for Hurricane Delta

Revealed - Insured losses for Hurricane Delta | Insurance Business

Revealed - Insured losses for Hurricane Delta

Catastrophe-modeling firm Karen Clark & Company has estimated that the insured loss to onshore properties from Hurricane Delta will be nearly $1.25 billion, including $950 million in wind and storm-surge losses in the US and $300 million in wind losses in Mexico.

KCC’s estimate includes privately insured wind and storm-surge damage to residential, commercial, and industrial properties and automobiles. It does not include National Flood Insurance Plan losses or losses to offshore assets. The estimate does not include any potential impacts on losses due to the COVID-19 pandemic.

Hurricane Delta was the 10th named storm to make US landfall this season – the most since 1916 – and the 25th named storm of the 2020 hurricane season. Delta made two landfalls. The first was on October 07, when the storm made landfall near Puerto Morelos, Mexico, with 110mph winds. After crossing the Yucatan Peninsula and reentering the Gulf of Mexico, Delta made a second landfall on October 09 near Creole, La., just 12 miles from where Hurricane Laura slammed into the state six weeks before.

In Mexico, high winds caused moderate damage, but no widespread structural damage, according to KCC. In the US, Delta brought high winds to many communities still recovering from Laura, in addition to other cities that were not as impacted by the previous hurricane.