Costs From Ida Could Top $30 Billion

NEW YORK -
A man rides his bike past piled of debris from gutted homes in the aftermath of Hurricane Ida in LaPlace, La., Friday, Sept. 10, 2021. (AP Photo/Gerald Herbert)

Hurricane and Tropical Storm Ida may have caused more than $30 billion in insured losses throughout the country, according to a new estimate.

AIR Worldwide, which covers potential disaster impacts for insurance agencies, estimated Ida caused insured losses between $20 to $30 billions, NBC 4 reported. The estimate does not take into consideration economic loss that was uninsured, or flood-related losses that would be covered by FEMA’s National Flood Insurance Program, which would have pushed estimates even higher.

If the AIR calculation is accurate, it would make Ida one of the most expensive natural disasters in American history, alongside other massive hurricanes Katrina, Sandy, and Harvey.

___

smarcus@hamodia.com

 


Updated Tuesday, September 14, 2021 at 2:56 pm .