Idalia hit Florida's Gulf Coast with fierce winds, torrential
rains and pounding surf before weakening but turning to
southeastern Georgia, where floodwaters trapped residents in
their homes.
The estimates represented insured losses associated with wind,
storm surge, and precipitation-induced flooding caused due to
the hurricane.
"Major Hurricane Idalia could have been much more impactful had
the storm taken a different track or not weakened just before
landfall," said Jeff Waters of Moody's RMS said.
The report also said it expects around $500 million in losses to
the National Flood Insurance Program (NFIP) due to the
hurricane.
(Reporting by Shivansh Tiwary in Bengaluru, editing by Ed
Osmond)
[© 2023 Thomson Reuters. All rights
reserved.] Copyright 2022 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|