Company: Insured losses from Elsa could be $290 million

A company that estimates the cost of natural disasters says insurance companies could be on the hook for $290 million in damage from Hurricane Elsa

ByThe Associated Press
July 13, 2021, 8:07 AM
This photo provided by the U.S. Navy, Missy Lattanzie, an RV park resident, searches through her belongings that were destroyed after a tornado touched down Wednesday on Naval Submarine Base Kings Bay, on Thursday, July 8, 2021 in Kings Bay, Ga. Seve
This photo provided by the U.S. Navy, Missy Lattanzie, an RV park resident, searches through her belongings that were destroyed after a tornado touched down Wednesday on Naval Submarine Base Kings Bay, on Thursday, July 8, 2021 in Kings Bay, Ga. Severe weather from Tropical Storm Elsa spurred tornado warnings in Delaware and New Jersey early Friday as the system moved over the mid-Atlantic states and into the northeastern United States. (Mass Communication 3rd Class Aaron Xavier Saldana/U.S. Navy via AP)
The Associated Press

ATLANTA -- A company that estimates damage from natural disasters says insured losses on land from Hurricane Elsa will be around $290 million.

About $240 million of that was from wind and storm surge in the U.S., while damage on Caribbean islands totaled about $50 million, Boston-based Karen Clark & Co. said in an initial report this week.

Elsa, which did much of its damage in the U.S. as a tropical storm, caused flooding in several eastern states as it tracked from Florida through Georgia, the mid-Atlantic states and New England. The storm killed at least one person in Florida and spun up a tornado at a Georgia Navy base that flipped recreational vehicles upside-down and blew one of them into a lake.

Karen Clark & Co. works with insurance firms to estimate damage. Its “flash estimate” on Elsa is limited to privately insured wind and storm surge damage to residential, commercial, and industrial properties and automobiles.

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