Hurricane Sally could cause up to $3bn in insured onshore property losses: AIR Worldwide
Industry insured losses to onshore property resulting from Hurricane Sally will range from $1 billion to $3 billion, according to AIR Worldwide, the catastrophe risk modeling firm.
The predicted range includes damage from winds, storm surge, and inland flood related to Hurricane Sally. Winds represent the majority of the losses, AIR said, which included onshore residential, commercial, and industrial properties and automobiles for their building, contents, and time element coverage.
Sally made landfall as a category two hurricane on September 16 near Gulf Shores, Alabama, just west of the Florida border, with maximum sustained winds of 105 mph (165 km/h) and a minimum central pressure of 965 mb.
Although wind speeds diminished rapidly after landfall, Sally buffeted cities and towns for hours as it moved north-northeast across Alabama at speeds as slow as 2 mph, AIR said.
Sally caused mostly minor roof damage, broken windows, downed trees, toppled church steeples and appurtenant structures such as gas station canopies, and some isolated major structural failures, and damaged infrastructure in Alabama and Florida. At its height, power outage extended to nearly half a million customers—most of them in Alabama and Florida.
