US Insured Losses From Hurricane Elsa Estimated at $240M

The insured loss to onshore properties from Hurricane Elsa will be around $290 million -- $240 million in the US and $50 million in the Caribbean, according to catastrophe modeling firm Karen Clark & Company (KCC).

The estimate includes privately insured wind and storm-surge damage to residential, commercial and industrial properties and automobiles.

Elsa was the first hurricane of the 2021 Atlantic season. It formed nearly six weeks earlier than average and was the earliest named ‘E’ storm in Atlantic Basin history.

It made landfall in Cuba on July 05 near Cienaga de Zapata with maximum wind speeds of about 60 miles per hour.

After plowing through the Caribbean, Elsa made multiple landfalls in the US – first in Taylor County, Fla., on July 07 and second in East Hampton, N.Y., on July 09.