Gallagher Re sees Ian-related economic losses exceeding $100bn
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Gallagher Re sees Ian-related economic losses exceeding $100bn

Pembroke Pines, FL, USA. 28th Sep, 2022. A general view of the aftermath as Small aircraft are seen flipped up side down after a reported tornado touches down at North Perry Airport as Hurricane Ian approaches on September 28, 2022 in Pembroke Pines Flori
Photo: Alamy

Total economic losses related to Hurricane Ian could exceed $100bn, Gallagher Re noted in a report based on insured loss estimates from cat modelers and initial loss data published by Florida’s Office of Insurance Regulation.

This would make Ian not only one of the costliest US hurricanes on record, but one of the costliest natural hazard events, regardless of peril, in the US, the report reads.

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