Insurance claims after Hurricane Ian anticipated to be in billions

FORT MYERS, Fla. — If the initial round of insurance claims that were submitted following Hurricane Ian are any indicator, it is going to be costly to make the necessary repairs.

62,000 households and business owners have come forward so far to report a total of $474 million in damages.

The preliminary investigation suggests that the amount of insured losses might vary anywhere from $25 billion to $40 billion, according to two of the most well-known rating organizations, Morningstar and Fitch.

The risk assessment company, Karen Clark and Company, goes far further, claiming that the harm caused by Ian will reach $100 billion.