Developing
Hurricane Dorian Seen Costing the Bahamas at Least $7 Billion
- Karen Clark’s estimate includes insured and uninsured losses
- The figure doesn’t include auto or infrastructure damage costs
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Hurricane Dorian, which pummeled the Bahamas, could cost the country $7 billion in insured and uninsured losses, according to an estimate from risk modeler Karen Clark & Co.
The preliminary estimate combines damage to commercial, residential and industrial properties as well as business-interruption expenses, the company said in a report Thursday. The figure doesn’t include vehicle losses or damage to infrastructure.