AIR Puts Caribbean Islands Earl Insured Losses at $50 to $150 Million

September 2, 2010

AIR Worldwide has given preliminary estimates that insured losses from Hurricane Earl’s passage near the northern Leeward Islands earlier this week are between $50 million and $150 million.

AIR said the “estimate includes wind damage to insured onshore properties in the Virgin Islands, St. Maarten, St. Martin and Puerto Rico. Nearly half of the total is attributed to St. Maarten where high winds downed trees and power lines, and peeled off roofs and signage.”

Dr. Peter Dailey, director of atmospheric science at AIR Worldwide, added: “Hurricane Earl, having pulled away from the Leeward Islands yesterday while still at Category 4 strength, is now a Category 3 storm as it makes its closest approach to the North Carolina coast.”

He also stated that on its current path, “Earl should miss the Bahamas, passing well east and northeast of these popular tourist islands. Large swells may impact the southeastern Bahamas today, however, and a tropical storm warning is presently in effect for the Bahamas island of San Salvador. Tropical storm force winds could have an impact there later this morning. Isolated pockets of the southeastern Bahamas and the Turks and Caicos Islands could receive up to 4 inches of rain.”

Source: Air Worldwide

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