Verisk Estimates $1 Billion to $2 Billion in Insured Losses from Hurricane Isaias

Verisk estimates Hurricane Isaias will cause insured losses of $1-$2 billion to onshore property in Florida and beyond.

Quiver AI Summary

Verisk's Catastrophe and Risk Solutions unit estimates that Hurricane Isaias will result in insured losses of $1 billion to $2 billion for onshore properties, primarily from wind damages and privately insured storm surge after the hurricane made landfall near Destin, Florida, as a Category 2 storm with winds up to 105 mph. The storm rapidly weakened after landfall, but still caused significant wind damage in Florida, Alabama, and Georgia, particularly in Santa Rosa and Escambia counties. Damage reports include roof and structural damage, downed trees, and widespread power outages across the affected areas. The loss estimate covers losses to residential, commercial, and automotive properties but excludes those from precipitation-induced flooding, uninsured properties, and various other specific circumstances. Verisk is actively monitoring the situation as new claims and information emerge.

Potential Positives

Verisk provides a comprehensive loss estimate for insured industry losses from Hurricane Isaias, showcasing its expertise in catastrophe risk assessment and data analytics.
The company's ability to model and predict industry losses reinforces its position as a leading partner in the global insurance industry, potentially attracting more clients seeking reliable risk assessment services.
By detailing the impacts of Hurricane Isaias and highlighting the factors that contributed to its intensity, Verisk emphasizes its deep industry knowledge and scientific research capabilities, strengthening its brand credibility.

Potential Negatives

Loss estimates from Hurricane Isaias range significantly from USD 1 billion to USD 2 billion, indicating a substantial financial impact on the company and its clients in the insurance sector.
The release highlights that losses from various factors such as legal litigation and non-modeled events (e.g., tornadoes) are not included, raising concerns about potential underestimated liabilities.
Widespread power outages and severe damages reported in key areas suggest significant challenges for the company in assessing and managing insured losses effectively.

FAQ

What are the estimated insured losses from Hurricane Isaias?

The estimated insured industry losses from Hurricane Isaias range from USD 1 billion to USD 2 billion.

Where did Hurricane Isaias make landfall?

Hurricane Isaias made landfall near Destin, Florida, on October 9, 2026.

What primary factors contributed to Isaias' intensification?

Factors included warm sea-surface temperatures, a compact wind field, and favorable core structure for strengthening.

What types of damage did Hurricane Isaias cause?

The storm caused wind-related damage, including downed trees, damaged roofs, and widespread debris across Florida and neighboring states.

What losses are excluded from the insured loss estimate?

The estimate excludes losses from flooding, uninsured properties, and several other non-modeled damages related to the storm.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$VRSK Insider Trading Activity

$VRSK insiders have traded $VRSK stock on the open market 15 times in the past 6 months. Of those trades, 0 have been purchases and 15 have been sales.

Here’s a breakdown of recent trading of $VRSK stock by insiders over the last 6 months:

LEE SHAVEL (Chief Executive Officer) has made 0 purchases and 4 sales selling 13,105 shares for an estimated $2,533,382.
SAMUEL G LISS has made 0 purchases and 2 sales selling 11,436 shares for an estimated $2,052,769.
BRUCE EDWARD HANSEN has made 0 purchases and 2 sales selling 4,671 shares for an estimated $809,252.
ELIZABETH MANN (Chief Financial Officer) has made 0 purchases and 6 sales selling 2,400 shares for an estimated $426,920.
KATHY CARD BECKLES (Chief Legal Officer) sold 2,020 shares for an estimated $394,889

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$VRSK Revenue

$VRSK had revenues of $806.3M in Q2 2026. This is an increase of 4.36% from the same period in the prior year.

You can track VRSK financials on Quiver Quantitative's VRSK stock page.

You can access data on VRSK stock through the Quiver Quantitative API.

$VRSK Congressional Stock Trading

Members of Congress have traded $VRSK stock 4 times in the past 6 months. Of those trades, 2 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $VRSK stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 4 times. They made 2 purchases worth up to $30,000 on 06/16, 05/15 and 2 sales worth up to $30,000 on 08/18, 04/14.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$VRSK Hedge Fund Activity

We have seen 461 institutional investors add shares of $VRSK stock to their portfolio, and 483 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

D. E. SHAW & CO., INC. removed 2,899,158 shares (-94.2%) from their portfolio in Q2 2026, for an estimated $520,485,835
BAMCO INC /NY/ added 2,190,629 shares (+87.2%) to their portfolio in Q2 2026, for an estimated $393,283,624
PARNASSUS INVESTMENTS, LLC removed 1,760,761 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $316,109,422
BLACKROCK, INC. removed 1,558,084 shares (-13.1%) from their portfolio in Q2 2026, for an estimated $279,722,820
ALLIANCEBERNSTEIN L.P. removed 1,232,174 shares (-17.0%) from their portfolio in Q2 2026, for an estimated $221,212,198
MILLENNIUM MANAGEMENT LLC added 981,433 shares (+2317.5%) to their portfolio in Q2 2026, for an estimated $176,196,666
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 851,907 shares (+inf%) to their portfolio in Q2 2026, for an estimated $152,942,863

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$VRSK Price Targets

Multiple analysts have issued price targets for $VRSK recently. We have seen 2 analysts offer price targets for $VRSK in the last 6 months, with a median target of $210.0.

Here are some recent targets:

Joshua Dennerlein from B of A Securities set a target price of $190.0 on 05/19/2026
Andrew Steinerman from JP Morgan set a target price of $230.0 on 04/30/2026

Full Release

BOSTON, Oct. 13, 2026 (GLOBE NEWSWIRE) -- The Catastrophe and Risk Solutions business at Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, estimates insured industry losses to onshore property from Hurricane Isaias will range from USD 1 billion to USD 2 billion. The estimate includes losses from wind and privately insured storm surge resulting from Isaias' landfall in the Florida Panhandle. Wind is expected to account for the vast majority of insured losses.

Meteorological Summary

Hurricane Isaias made landfall near Destin, Florida, at approximately 8:30 p.m. CDT on Oct. 9 as a Category 2 hurricane with maximum sustained winds of 105 mph and a minimum central pressure of 971 mb. The storm weakened rapidly after moving inland and transitioned into a post-tropical cyclone over Alabama early the following morning.

Isaias became the ninth named storm of the 2026 Atlantic hurricane season after developing over the Gulf. The storm steadily intensified over exceptionally warm waters, reaching Category 3 strength with maximum sustained winds of 120 mph before weakening prior to landfall.

Several factors contributed to Isaias' rapid intensification, including near-record sea-surface temperatures for early October, a compact wind field and core structure favorable for strengthening, and slower-than-anticipated development of damaging wind shear. Although increasing shear weakened the storm before landfall, Isaias reached the Gulf Coast as a significant hurricane and generated damaging wind impacts across portions of Florida, Alabama and Georgia.

Putting Damage in Perspective

The most severe wind damage occurred west of Isaias' landfall location, particularly in Florida’s Santa Rosa and northeastern Escambia counties. Reported impacts included roof damage, structural damage, downed trees and widespread debris. In Okaloosa County, the most common damage mechanism was trees falling onto residential structures. Overall, the event was characterized primarily by wind-related damage, including fallen trees, damaged roofs, fencing losses and debris impacts.

Power outages were widespread across the Florida Panhandle, with some counties reporting outages affecting a majority of residents. Additional impacts were reported in Alabama and Georgia, where the weakening storm and its remnants caused downed trees and further power disruptions.

Modeling Insights

The insured industry loss estimate includes losses to onshore residential, commercial and industrial properties and automobiles for building, contents and time-element coverages. The modeled scenarios include losses from wind and storm surge. Losses from precipitation-induced flooding are not expected to be significant for this event.

The estimate does not include :

Losses from precipitation-induced flooding
Losses paid by the National Flood Insurance Program
Losses exacerbated by litigation, fraudulent assignment of benefits or social inflation
Storm surge leakage losses paid on wind-only policies due to government intervention
Losses to inland marine, ocean-going marine cargo and hull, and pleasure boats
Losses to uninsured properties
Losses to infrastructure
Losses from extra-contractual obligations
Losses from hazardous waste cleanup, vandalism or civil commotion, whether directly or indirectly caused by the event
Losses resulting from the compromise of existing defenses, including natural and man-made levees
Loss adjustment expenses
Other non-modeled losses, including those resulting from tornadoes spawned by the storm
Losses for U.S. offshore assets and non-U.S. property

Verisk continues to monitor the impacts of Hurricane Isaias and assess insured losses as additional claims and damage information become available.

About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, catastrophic events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work . For more, visit Verisk.com and the Verisk Newsroom .