CoreLogic sets $5bn to $8bn Ida estimate for Northeast flood losses
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CoreLogic sets $5bn to $8bn Ida estimate for Northeast flood losses

Eli Rallo
September 08, 2021
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New York, USA. 2nd Sep, 2021. Vehicles are submerged on a waterlogged road in New York, the United States, Sept. 2, 2021. New York State Governor Kathy Hochul declared her first state of emergency early Thursday as remnants of Hurricane Ida brought torren
Photo: Alamy Live News

CoreLogic said on Wednesday that Tropical Storm Ida would cost the Northeast between $5bn and $8bn in insured flood losses and between $16bn to $24bn overall when including uninsured totals.

The updated tallies come on top of the $14bn to $19bn industry loss range the analytics firm provided last week after Hurricane Ida crashed ashore in Louisiana before moving inland to the Northeast.

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