Ida unlikely to trigger downgrades of individual P&C insurers or reinsurers: Fitch
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Ida unlikely to trigger downgrades of individual P&C insurers or reinsurers: Fitch

Luke Harrison
01 September 2021
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Houma, United States Of America. 30th Aug, 2021. Houma, United States of America. 30 August, 2021. Homes destroyed by Hurricane Ida August 30, 2021 in Houma, Louisiana. Ida swept through the area with winds of 150 mph and made landfall 16-years ago to the
Photo: Alamy Live News

Although Hurricane Ida is expected to generate significant economic and insured losses in Louisiana, it is unlikely to trigger ratings downgrades of individual P&C insurers or reinsurers, according to Fitch Ratings.

The agency said its rated insurers were well positioned to absorb significant catastrophe losses, as they had generally experienced capital expansion over the previous 12 months.

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