Company: Insured losses from Elsa could be $290 million
ATLANTA (AP) - 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.
Boston-based Karen Clark & Co. said in its initial “flash estimate” this week that $240 million of that was from wind and storm surge in the U.S., and Elsa caused about $50 million in insured damage on Caribbean islands.
Elsa did much of its damage in the U.S. as a tropical storm, causing flooding on a path from Florida through Georgia, the mid-Atlantic states and New England.
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