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Hurricane Ida Damage Could Cost Insurers at Least $15 Billion
Posted
August 30, 2021
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Aug 30, 20211:37Now PlayingHurricane Ida could cost insurers at least $15 billion, according to one of the earliest estimates, as analysts start assessing the damage from one of the most powerful storms to strike Louisiana and the Gulf Coast.
That was the low end of a preliminary estimate by Wells Fargo & Co. insurance analysts led by Elyse Greenspan, who said damages covered by insurers could be as high as $20 billion, according to a note to clients on Sunday.
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