Insured losses from Hurricane Elsa estimated at $290M

Insured losses to onshore properties from Hurricane Elsa will be around $290 million, according to Boston-based catastrophe modeler Karen Clark & Co.

Elsa caused some $240 million of losses from wind and storm surge in the U.S. and $50 million in the Caribbean from wind, KCC said in a report Monday.

The estimate includes privately insured wind and storm surge damage to residential, commercial and industrial properties and automobiles.

Elsa made multiple landfalls in the U.S., first on July 7 in Taylor County, Florida, with maximum sustained winds of approximately 65 mph. Elsa initially was forecast to make landfall between the Tampa Bay area and the Big Bend region of the Florida Gulf Coast.

Due to Elsa making initial landfall in a lightly populated area, the damage was not extensive, KCC said. Much of the damage that did occur was the result of downed trees and power lines, KCC said.

Tropical storm-force winds and tropical cyclone-induced tornadoes also caused scattered damage across the coastal southeastern U.S. Minor wind damage, including downed trees and power lines, impacted the northeastern U.S. where Elsa made landfall again in East Hampton, New York, on July 9.

Elsa also brought hurricane-force winds to parts of the Caribbean, including Barbados, St. Lucia and St. Vincent, resulting in downed trees, power outages and roof damage, KCC said.

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