Hurricane Ida made landfall in Louisiana as a major Category 4 storm with 150 mph sustained winds. The immediate impacts were severe, but hurricane Ida’s remnants also created a significant flood event further north.
Early estimates of insurance and reinsurance market losses were pegged at $15 billion to $25 billion, with ramifications for some ILS market positions, especially in collateralized reinsurance.
All of our hurricane Ida news coverage can be found below.
The location of hurricane Ida’s anticipated strong-to-major hurricane landfall in Louisiana on the US Gulf Coast will be key to insurance-linked securities (ILS) market impacts from the storm. The overall industry loss is anticipated to be in the billions of dollars, but with a wide-spread depending on landfall location and strength. Hurricane Ida has now […]
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Tropical storm Ida formed last night in the Caribbean and has now set a course for the Gulf Coast of the United States, with forecast models suggesting a mid to strong hurricane is likely to make landfall in Louisiana and the NHC’s forecast now showing a major Cat 3 or stronger storm close to the […]
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Update: See the latest forecast and information here. Forecast models continue to point to the possibility of a hurricane forming and impacting the United States, with landfall of what is likely to be storm or hurricane Ida possible along the Gulf Coast, somewhere from Texas to Louisiana, very early next week.
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