With an area of projected impact stretching from the Carolinas to Maine, Hurricane Earl is causing widespread consternation for coastal residents and the insurance industry that protects them.
While the storm, currently a Category 4 hurricane, already has tallied million in damages in the Leeward Islands, its potential to inflict harm on the Mid-Atlantic Coast is considerable. Tracking north-northwest, Earl is expected to approach within 75 miles of North Carolina’s Cape Hatteras on Friday morning, at Category 3 strength. When Hurricane Floyd made landfall in North Carolina in 1999 it caused estimated insured losses of $2 billion in 1999 dollars.
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