Hurricane Ida Losses

Hurricane Ida brought on devastating storm surges that may cost billions of dollars in insured losses across Louisiana, Alabama and Mississippi.

Hurricane Ida

According to the Wall Street Journal, Wells Fargo and Fitch Ratings analysts both have estimated the damages could total $15 billion to $20 billion. In comparison, Hurricane Katrina, which struck Louisiana 16 years to the day before Ida, caused a record $65 billion in insured losses, according to Fitch.

Catastrophe-modeling firms AIR Worldwide and RMS said they didn’t yet have estimates for insured losses stemming from Ida.

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