Moody’s RMS again trims pre-landfall Idalia mean loss to $6.3bn

30 August 2023

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Moody’s RMS has cut its pre-landfall mean loss figure for Hurricane Idalia by a further ~$1bn to $6.3bn as of today, according to sources, as the industry breathed a sigh of relief based on the sparsely populated areas initially impacted by the storm.

Earlier this week, the firm released modelled loss scenarios that showed a mean possible loss of $9.4bn. This mean scenario – which is wind-only – was revised downwards yesterday to $7.2bn.

These

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Moody’s RMS again trims pre-landfall Idalia mean loss to $6.3bn

Moody’s RMS has cut its pre-landfall mean loss figure for Hurricane Idalia by a further ~$1bn to $6.3bn as of today, according to sources, as the industry breathed a sigh of relief based on the sparsely populated areas initially impacted by the storm.

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Moody’s RMS again trims pre-landfall Idalia mean loss to $6.3bn

Moody’s RMS has cut its pre-landfall mean loss figure for Hurricane Idalia by a further ~$1bn to $6.3bn as of today, according to sources, as the industry breathed a sigh of relief based on the sparsely populated areas initially impacted by the storm.

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM