KCC estimates Winter Storm Elliott insured losses will hit $5.4bn
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KCC estimates Winter Storm Elliott insured losses will hit $5.4bn

Aisling Finn
29 December 2022
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Modeling firm Karen Clark & Company (KCC) has estimated that insured losses from Winter Storm Elliott will be $5.4bn across 42 states, with commercial insured losses forecast to account for over 50% of the total.

The extreme weather event brought sub-freezing temperatures to the Eastern US, Southeast US and Gulf Coast areas earlier this week, leaving tens of thousands of homes and businesses without power as a result of the high winds that emerged...

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