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

Fiona Robertson
30 August 2021
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Coast Guard conducts Hurricane Ida post-storm overflights near Galliano, LA.jpg
Photo: NOLA Ready

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.

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News Claims and losses Hurricane Business interruption
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