Disaster assessment company Karen Clark & Co (KCC) said on Monday “insurers are preparing to pay nearly $4.3 billion after Hurricane Zeta hit the United States“.
Zeta hurricane hit the Gulf Coast on Thursday and continued to move north, killing at least six people in the southern United States and leaving nearly two million people without power.
The hurricane hit 9 states in total, with Louisiana, Mississippi and Georgia recording the largest losses, and the KCC added that 2020 was a record year for the number of huge tornadoes that hit the region.
Loss estimates include damage to residential, commercial and industrial property as well as vehicles. On the other hand, AIR Worldwide, which is also responsible for assessing disaster risk, said that hurricane losses covered by insurance range between 1.5 and 3.5 billion dollars, and it is also estimated that the hurricane will cost insurance companies in Mexico $ 80 million.