CoreLogic predicts Ida losses to cost industry between $14bn and $21bn
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CoreLogic predicts Ida losses to cost industry between $14bn and $21bn

Eli Rallo
01 September 2021
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New Orleans, United States. 30th Aug, 2021. A building in downtown New Orleans, Louisiana is destroyed in the aftermath of Hurricane Ida on Monday, August 30, 2021. Power was out in the city but the levees held, Photo by AJ Sisco/UPI Credit: UPI/Alamy Liv
Photo: UPI/Alamy Stock Photo

CoreLogic estimates that insured wind and flood losses from Ida will range between $14bn and $21bn, and 90% of the industry’s current exposure will be based out of Louisiana.

In a statement on Wednesday, the risk modelling company went on to say that total insured and uninsured losses from wind, storm surge and flooding will amount to between $27bn and $40bn, with losses most heavily concentrated within Louisiana,...

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