Stonybrook Capital Says Hurricane Ian Is Largest-Ever Insured Loss Event at Over $75B

According to Stonybrook Capital, the damage from Hurricane Ian will result in the largest-ever insured loss event in nominal dollars.

The advisory and investment banking firm focused on the insurance industry said the all-in insured loss and loss adjustment expenses (LAE) from Hurricane Ian is over $75 billion – “perhaps significantly over,” Stonybrook added, and that losses represent over 10% of U.S. 2022 P&C industry direct premiums.

Read the full article at InsuranceJournal.com