AIR raises Ida loss estimate to $20bn-$30bn on private flood losses of up to $5bn
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AIR raises Ida loss estimate to $20bn-$30bn on private flood losses of up to $5bn

Fiona Robertson
13 September 2021
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New York City, USA. 01st Sep, 2021. Members of the FDNY wade through waist high water caused by flash flooding brought by the remnants of hurricane Ida, in the New York City borough of Queens, NY, September 1, 2021. More than three inches of rain fell per

Inland floods from Hurricane Ida in both the northeast and southern US will cost insurers from $2.5bn to $5bn, AIR Worldwide estimated.

This pushes the modelling firm’s total insured loss estimate for the disaster to a range of $20bn-$30bn.

Its figures compare with a $1bn-$1.5bn

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Topics

NewsCatastrophe lossesAIR WorldwideClaims and losses
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Fiona Robertson
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