A boat storage facility damaged following Hurricane Ian in Venice, Florida. Hurricane Ian will cause $63 billion in losses covered by private US insurers, according to an estimate from a risk-modeling firm. The forecast includes losses to residential, commercial and industrial properties as well as automobiles, Karen Clark & Co. said Friday in a report . Previous estimates cited by industry analysts put damages around $30 billion to $40 billion. Ian made landfall Wednesday and tore across Florida, bringing with it powerful gales and a wall of water that inundated parts of the state. It pummeled South Carolina Friday with violent wind and a deadly storm surge on its way up the East Coast. “In nominal dollars, Hurricane Ian will be the largest hurricane loss in Florida history,” Karen Clark wrote in its report. “The total economic damage will be well over $100 billion, including uninsured properties, damage to […]