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Gallagher Re sees Ian-related economic losses exceeding $100bn

Pembroke Pines, FL, USA. 28th Sep, 2022. A general view of the aftermath as Small aircraft are seen flipped up side down after a reported tornado touches down at North Perry Airport as Hurricane Ian approaches on September 28, 2022 in Pembroke Pines Flori
Photo: Alamy

Total economic losses related to Hurricane Ian could exceed $100bn, Gallagher Re noted in a report based on insured loss estimates from cat modelers and initial loss data published by Florida’s Office of Insurance Regulation.