RMS pegs Hurricane Hanna’s losses at $400m

Hurricane Hanna Credit: Wikimedia

RMS estimates that insured losses from Hurricane Hanna will be under $400m. The estimate includes a loss of up to $100m for the US National Flood Insurance Program (NFIP). RMS noted that Texas has the second-highest number of NFIP policies in force in the US. Many of these are located in coastal areas impacted by Hurricane Hanna’s storm surge. Its…

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