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Early estimates peg Hurricane Irma damage at as much as $65B

Hurricane Irma is estimated to have caused up to $65 billion in damage, said analytics company CoreLogic. Pictured is 
Hermilo Munoz Castillo as wades down a flooded street to check on his home in southern Collier County, Fla. after Hurricane Irma passed. | [LOREN ELLIOTT | Times]

Hurricane Irma is estimated to have caused up to $65 billion in damage, said analytics company CoreLogic. Pictured is Hermilo Munoz Castillo as wades down a flooded street to check on his home in southern Collier County, Fla. after Hurricane Irma passed. | [LOREN ELLIOTT | Times]

The damage totals from Hurricane Irma are still being tallied, but early numbers are in: As of Tuesday, the storm is estimated to have caused between $42.5 billion and $65 billion of damage. That's according to a Tuesday release by Irvine, Calif.-based analytics company CoreLogic.

COMPLETE COVERAGE:Find all our coverage about Hurricane Irma here

Between $13.5 billion and $19 billion of that damage is insured.

Flooding caused between $25 billion to $38 billion of the damage across Alabama, Florida, Georgia, North Carolina and South Carolina. Between $5 billion and $8 billion of residential flood loss was insured.

"An estimated 80 percent of flood damage to residential properties from Hurricane Irma is not covered by any flood insurance," the CoreLogic release said.

Despite the high flood damage, according to the Florida Office of Insurance Regulation, there were just 577 private flood insurance claims in Florida. As of Monday, there were 372,281 claims filed related to Hurricane Irma across the state totalling almost $2.2 billion.

Contact Malena Carollo at [email protected] or (727) 892-2249. Follow @malenacarollo on Twitter.

Early estimates peg Hurricane Irma damage at as much as $65B 09/19/17 [Last modified: Wednesday, September 20, 2017 1:09am]
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