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Verisk says Idalia insured losses could reach $4bn

Tampa, Florida, USA. 28th Aug, 2023. David Fuentes, 34, loads sandbags onto a truck bed at Macfarlane Park in Tampa as they prep for the possibility of tropical storm Idalia reaching hurricane status. (Credit Image: © Ivy Ceballo/Tampa Bay Times via ZUMA

Global analytics and technology firm Verisk has estimated that insured losses to onshore property from Hurricane Idalia will range from $2.5bn to $4bn.