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Saturday, March 2, 2024

Category 5 Storm Landfall Near Miami Would Drive Residential Losses of Over $200B

A new risk model from Karen Clark & Company (KCC), which contains over 90,000 hurricanes, estimates that a strong Category 5 storm making landfall near Miami would drive re/insured residential losses of more than $200 billion.

KCC explains that one of the worse-case scenarios for the state of Florida is a landfall near Miami with a track continuing north through areas of Fort Lauderdale and Palm Beach, which is actually a very similar track to what hurricane Irma threatened at one stage.

The KCC model contains more than 90,000 hurricanes, and reveals that more than 35,000 of these impact Florida.

Read more at Reinsurance News

Homeland Security Today
Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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