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Expect a $10b Loss Every Four Years from Hurricanes

A new report by Karen Clark & Co. says storms capable of major losses are not as infrequent as we might assume and the U.S. can expect a $10 billion loss from a hurricane every four years.

By Chad Hemenway | Updated on August 21, 2012
The track of "The Great Miami Hurricane," which made landfall on Sept. 18, 1926 near downtown Miami.

NU Online News Service, Aug. 21, 2:55 p.m. EDT

A new report by Karen Clark & Co. says storms capable of major losses are not as infrequent as we might assume. In fact, the United States can anticipate insured losses of at least $10 billion from a hurricane an average of every four years, based on an analysis of more than a century of hurricane experience. 

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