Insurers brace for up to $15 billion in losses if Helene hits Tallahassee

Insurers could face potential losses of up to $15 billion if Hurricane Helene makes landfall near Tallahassee, according to Jerry Theodorou, director of finance, insurance, and trade policy at the R Street Institute.

According to a report from AM Best, should the storm make landfall in the more sparsely populated Horseshoe/Suwannee area, located southeast of Tallahassee but north of Tampa, R Street’s estimate drops to single-digit billions, excluding insured flood losses…

Theodorou commented that “more frequent and more powerful catastrophes can be expected.” He emphasized the importance of recognizing the risks posed by climate change and taking action to protect property and minimize losses.