Hurricane Ida: The biggest nat cat loss since 2017
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Hurricane Ida: The biggest nat cat loss since 2017

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
Photo: Alamy

Hurricane Ida looks likely to become the costliest nat cat event since 2017, with scope for the storm to inflict losses of $20bn-$25bn, as claims from a powerful storm system are amplified by factors including real inflation, demand surge and an adverse litigation environment.

Best-fit tracks from modelers – which are not the modeling firms' official estimates – point to a claims toll in the $15bn-$17bn range, but are believed to heavily understate the likely ultimate extent of the loss.


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