Hurricane Helene was the sixth named storm of the 2024 North Atlantic hurricane season and the fourth hurricane to make landfall in the United States this season. The last year with three or more hurricanes making landfall in the United States was 2020. (Image source: The National Guard/flickr/
The risk analyst Corelogic has revised its estimate of the total insured losses from Hurricane Helene upwards significantly: after initially estimating up to $5 billion, the US company now estimates between $10.5 and $17.5 billion. The new estimate now also takes into account the damage that the state flood insurance program NFIP covers. Moody’s RMS also has a double-digit figure. Meanwhile, the next hurricane, “Milton,” is heading toward the southeastern United States – reinsurance brokers Guy Carpenter and Howden Re fear “significant impacts.”
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