tropical storm Ida 2021

Hurricane Ida’s insurance and reinsurance industry loss may fall between $15 billion and $25 billion based on early indications from modelling data, according to specialist ILS manager Twelve Capital.

Hurricane Ida made landfall as a strong Category 4 storm with sustained winds of 150 mph yesterday in Louisiana, close to Port Fourchon. Market sources suggest an insurance and reinsurance industry loss into the double-digit billions of dollars is likely, with $15 billion to $20 billion (perhaps a little higher) seen as a reasonable area […]

As hurricane Ida moves closer to making landfall in Louisiana today, as a strong Category 4 storm with sustained winds of around 150 mph, Plenum Investments has said that minor impacts to its range of catastrophe bond funds are expected if Ida continues on the forecast track.

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 […]

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 […]

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.