You are here:HomeIssuesNatural Disaster2005Early Hurricane Dennis Loss Estimates $2.5 Billion

Early Hurricane Dennis Loss Estimates $2.5 Billion

Initial estimates of insured losses from Hurricane Dennis, which struck the Florida panhandle on Sunday, are ranging from $1 billion to $8 billion. A wide...
July 12, 2005

Initial estimates of insured losses from Hurricane Dennis, which struck the Florida panhandle on Sunday, are ranging from $1 billion to $8 billion. A wide range in initial estimates is typical in the first days after a hurricane makes landfall. A later estimate put the loss figure closer to $2.5 billion. Dennis struck in the same general area as last year's Hurricane Ivan, which caused $7.1 billion in insured losses, but damage is expected to be much less. Hurricane Dennis had winds of 130 mph when it crossed the coastline versus 120 mph for Ivan. Dennis' peak winds extended only 10 miles from its center, as opposed to a 25 mile radius with Ivan.

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