AIR: Isaac onshore insured losses could hit $2bn
Insured losses for onshore properties hit by Hurricane Isaac are expected to fall in the range of $700mn and $2bn, according to catastrophe modelling firm AIR Worldwide.
The estimate includes wind and storm surge damage to onshore residential, commercial and industrial properties and their contents.
It also includes automobiles and time element coverage, which accounts for business interruption and extra living expenses for residential claims, the firm said.
An advisory from the National Hurricane Centre on 30 August downgraded Isaac...
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