USA Property

Updates on deaths, damage and recovery


Costs from Helene’s path of destruction across the southeastern U.S. are expected to surpass $30 billion, one analysis shows.

The estimates account for wind loss, insured and uninsured storm surge, and inland flood loss for residential and commercial properties across 16 states, according to CoreLogic, a California-based financial and consumer analytics company that tallied losses. Helene, which first hit Florida as a category 4 hurricane on Sept. 26, is estimated to have caused between $10.5 and $17.5 billion of insured losses alone.

Helene’s path caused extensive flooding in several areas without insurance, Monica Ningen, CEO of U.S. Property & Casualty Reinsurance at Swiss Re, said, adding this will “make the task of rebuilding the communities impacted all the more difficult.”



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