Repeat of Great New England Hurricane would produce $20bn+ insured loss in New York: KCC

NYC 100-year hurricane insured losses could reach $100bn, says KCC - Artemis.bm

According to a recent paper by Karen Clark & Company (KCC), the catastrophe risk modeller, a 100-year return period hurricane has the potential to

Repeat of Great New England Hurricane would produce $20bn+ insured loss in New York: KCC

A recurrence of the 1938 Great New England Hurricane would produce more than $20 billion in insured losses in New York alone with today’s property values and rebuilding costs, according to a recent paper by Karen Clark & Company (KCC), a catastrophe risk modeller. KCC warned that although New York does not face the same frequency or severity of events as more catastrophe-exposed regions such as Florida, the state is not immune to large losses. T…