hurricane ida loss estimates News

Catastrophe risk specialist, RMS, estimates onshore and offshore U.S. insured losses from Hurricane Ida in the Gulf of Mexico region to be between $25 billion and $35 billion. RMS’ estimate includes losses to the National Flood Insurance Program (NFIP) in …

Though estimates of Hurricane Ida’s impact on the insurance industry vary, both AM Best and S&P Global Ratings say losses will be manageable for insurers and that no rating actions are expected as a result of the powerful storm that …