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RMS: Hurricane Delta Losses Could Reach $4 Billion

The estimate includes wind, storm surge, and inland flood losses across Louisiana, Texas, and Mississippi.
October 20, 2020

Catastrophe risk modeler RMS reports that Hurricane Delta, which made landfall near Creole, Louisiana, on Oct. 9 as a mid-Category 2 storm, could result in total onshore U.S. insured losses of between $2 billion and $3.5 billion. The estimate includes wind, storm surge, and inland flood losses across Louisiana, Texas, and Mississippi. The $2 billion to $3.5 billion range includes losses to the National Flood Insurance Program of between $200 million and $400 million. Insured losses for Mexico, according to RMS, amount to less than $500 million. In total, the RMS estimate includes a 15 percent reduction in insured onshore losses as a result of the cumulative impacts of Hurricane Laura, which hit many of the same areas just six weeks ago.

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