October 15, 2018 / 2:00 PM / a month ago

Hurricane Michael insured losses will cost as much as $10 billion - AIR Worldwide

A sign is pictured on a damaged building in Mexico Beach, October 12. REUTERS/Carlo Allegri

(Reuters) - Insured losses for wind and storm surge from Hurricane Michael will run between an estimated $6 billion and $10 billion, risk modeler AIR Worldwide VRSK said on Monday.

The estimate does not include losses paid out by the National Flood Insurance Program, AIR Worldwide said.

Reporting by Suzanne Barlyn

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