Ida track will be the difference between losses of $2bn-$3bn or $10bn+

Alex Frampton,

August 27, 2021

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Changes in the track of Tropical Storm Ida over Louisiana will be the difference between it causing losses of $2bn-$3bn or $10bn+, market participants said.

As with last year’s landfalling storms, southeast insurance specialists will be the most likely to pass on claims to the reinsurance market, while historical storms that have hit the region highlight the wide range of outcomes that could lie...

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Ida track will be the difference between losses of $2bn-$3bn or $10bn+

Changes in the track of Tropical Storm Ida over Louisiana will be the difference between it causing losses of $2bn-$3bn or $10bn+, market participants said.

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