August 30, 2017 / 2:41 PM / in a year

Corelogic ups Harvey insured property loss estimate to $1.5-3 billion

LONDON (Reuters) - Analytics firm Corelogic (CLGX.N) raised its estimate for insured property losses for wind and storm surge from Tropical Storm Harvey to $1.5-3 billion, it said on Wednesday.

Flood waters from Tropical Storm Harvey surround a power sub-station in Iowa, Calcasieu Parish, Louisiana, U.S., on August 29, 2017. REUTERS/Jonathan Bachman

Corelogic’s previous estimate, made last week, was for insured property losses of $1-2 billion.

The latest estimate, like the earlier estimate, does not include flood losses, a Corelogic spokeswoman said by email, adding that flood losses were “difficult to estimate at this point since the rain continues to fall”.

Reporting by Carolyn Cohn; editing by Simon Jessop

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