Idalia insured losses in low to mid-single-digit billions after landfall: Gallagher Re
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Idalia insured losses in low to mid-single-digit billions after landfall: Gallagher Re

Shelby Rosenberg
August 30, 2023
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Tampa, Florida, USA. 30th Aug, 2023. Dani Araus, 27, walks down flooded Maple Avenue at Palmetto Beach in Tampa as Hurricane Idalia approaches the Big Bend region on Wednesday, August 30, 2023. (Credit Image: © Ivy Ceballo/Tampa Bay Times via ZUMA Press W

Early damage reports indicate significant flood and wind damage in northern Florida and southern Georgia with insured losses estimated in the low to mid-single-digit billions, said reinsurance broker Gallagher Re in a late Wednesday update.

These latest loss estimates remain little-changed from those in the broker’s pre-landfall report Tuesday and align with estimates from Moody’s RMS pegging Idalia as a $6.3bn

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