Ida model loss runs average $16bn-$17bn, but industry fears higher claims toll
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Ida model loss runs average $16bn-$17bn, but industry fears higher claims toll

Fiona Robertson
August 30, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
New Orleans, United States. 30th Aug, 2021. Jax Brewery in the French Quarter of New Orleans roof blew off during the night as Hurricane Ida hit the city, Monday, August 30, 2021. nnPhoto by AJ Sisco/UPI Credit: UPI/Alamy Live News
Alamy Live News.

Early modelled loss data for Hurricane Ida is converging around figures of $16bn-$17bn, but sources fear the loss could significantly exceed this level.

The RMS average of best-fit tracks for the storm comes to just under $17bn, with a notable chance that claims will still reach $20bn or more, sources said.

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsMajor losses
fiona robertson 2024 ii us 2.png
Fiona Robertson
Editor, Insurance Insider
Contact
Gift this article