Total insured loss from Hurricane Helene is now estimated at between $10.5 billion and $17.5 billion—a figure that continues to grow as more damages are assessed, pushing catastrophe modelers to continually revise estimates upward.
The estimate out from CoreLogic on Friday is up significantly from the modeler’s earlier estimate of $3 billion to $6 billion in insured losses as the storm was about to strike. An advisory from Gallagher Re at the same time put potential loss estimates in the $3 billion to $6 billion range.