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Ike Insured Cost $50M-$200M So Far; Could Reach $15B

Insured losses from Hurricane Ike could run between $50 million and $200 million for damages to the Turks and Caicos Islands, according to a catastrophe risk modeler, and another modeler said before I

By Mark E. Ruquet | Updated on September 11, 2008

Insured losses from Hurricane Ike could run between $50 million and $200 million for damages to the Turks and Caicos Islands, according to a catastrophe risk modeler, and another modeler said before Ike dissipates it could cause carriers $15 billion in losses.

Risk Management Solutions in Newark, Calif., said the losses from Ike are due to wind and storm surge damage as well as increases in the cost for goods and services.

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