CoreLogic has revised its total insured loss estimate from Hurricane Helene, now projected to be between $10.5 billion and $17.5 billion, reflecting increasing damage assessments. This figure marks a significant increase from earlier estimates of $3 billion to $6 billion, which were made prior to the storm’s arrival. The damages include losses from wind and storm surge across 16 states, with additional estimations from other models indicating total economic losses could reach between $225 billion and $250 billion. The storm has highlighted the critical importance of flood insurance, especially in areas not traditionally perceived as high-risk.
