Ida model loss runs average $16bn-$17bn, but industry fears higher claims toll
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Ida model loss runs average $16bn-$17bn, but industry fears higher claims toll

Fiona Robertson
August 30, 2021
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New Orleans, United States. 30th Aug, 2021. Jax Brewery in the French Quarter of New Orleans roof blew off during the night as Hurricane Ida hit the city, Monday, August 30, 2021. nnPhoto by AJ Sisco/UPI Credit: UPI/Alamy Live News
Alamy Live News.

Early modelled loss data for Hurricane Ida is converging around figures of $16bn-$17bn, but sources fear the loss could significantly exceed this level.

The RMS average of best-fit tracks for the storm comes to just under $17bn, with a notable chance that claims will still reach $20bn or more, sources said.

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News Claims and losses
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Fiona Robertson
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