Losses Could Reach $15 Billion if Hurricane Helene Hits Tallahassee, Says R Street

Insurers could face losses of as much as $15 billion if Hurricane Helene makes landfall close to Tallahassee, according to Jerry Theodorou, R Street director of finance, insurance and trade policy.

Landfall southeast of Tallahassee, but north of Tampa in the more sparsely populated Horseshoe/Suwannee area, would lower R Street’s loss estimate to the single-digit billions, excluding insured flood losses…

Theodorou said “more frequent and more powerful catastrophes can be expected… The knowledge that climate change is real and that it contributes to disasters means that individuals, communities, counties, states and the country must first recognize the risks, and then act to protect property, and — insofar as possible prevent losses.”