High resolution modelling by Karen Clark & Co (KCC) estimates that the insured loss from Tropical Storm Gordon, which made landfall near the Alabama/Mississippi border on September 4 with 70 mph sustained wind speeds, will be close to $125 million.
Modelled estimates include losses to residential, commercial, and industrial properties as well as automobiles.
Tropical storm Gordon started as a tropical depression in the Caribbean Sea on September 2 and moved northwestward towards the Gulf of Mexico.
On September 3, Gordon became a tropical storm near the Florida Keys and brought 45 mph sustained winds to south Florida.
KCC says that, due to warm Sea-Surface Temperatures and relatively low wind shear over the Gulf of Mexico, Gordon had been expected to become a Category 1 hurricane before landfall.
However, the expected intensification did not occur,and the tropical storm made landfall near the Alabama-Mississippi border on September 4.