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The company predicts that total insured and uninsured losses from the storm overall will amount to between $27bn and $40bn.
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The area of Laplace was the worst impacted on ICEYE’s list, with a total of 10,390 structures affected, 370 of which were in a high depth of water.
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The ratings agency said that a surge in demand could add to the costs of rebuilding.
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The Caldor Fire, which is 18% contained, has been active for 17 days and in that time destroyed 675 structures and damaged 40.
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The estimate includes damage to residential, commercial and industrial property and vehicles.
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Damage to crucial power infrastructure caused by the storm left over one million Louisiana residents without power.
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Market sources said there had been no reports of major incidents, but damage assessments would begin in earnest today.
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The further losses edge into the $20bn range, the more the loss will shift to the retro market, but high uncertainty remains.
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It has just one class of notes which will trigger on an indemnity, per occurrence basis against any wildfire in the state of California.
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Experts fear for survivors, who now face an intense heatwave and up to a month without electricity.
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There is no such thing as an average loss year, but investors will still be looking for benchmarks.
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Aggregate deals remain an exposure, but overall Ida should be a more readily digested loss than surprise disaster scenarios.