Moody’s RMS cuts pre-landfall Idalia mean loss estimate by $2.2bn
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Moody’s RMS cuts pre-landfall Idalia mean loss estimate by $2.2bn

Liz Bury, 
Adam McNestrie
August 30, 2023
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Moody’s RMS has cut its pre-landfall mean loss estimate for Hurricane Idalia by around $2.2bn to $7.2bn as of yesterday, according to sources.

The modeller had earlier this week put out modelled loss scenarios showing a mean possible loss of $9.4bn.

The updated 29 August projections, which are for wind only, show a 20% likelihood of losses approaching $11.7bn

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News Claims and losses
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Liz Bury
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Adam McNestrie
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