Ida’s northeast sting will bring a different shape to overall loss
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Ida’s northeast sting will bring a different shape to overall loss

Fiona Robertson, 
Alex Frampton, James Thaler
06 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

The devastating flood damage to the northeast as a result of Hurricane Ida’s final sweep over the US will change the final shape of industry losses from the storm, with commercial lines and auto writers bracing for claims.

Market participants expected the northeast insured component of the loss to at least reach into the low billions, although this early on, there are few solid data estimates emerging.

This

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