PCS ups its Ida loss estimate by $1.5bn to $27.4bn
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PCS ups its Ida loss estimate by $1.5bn to $27.4bn

PCS verisk logo storm damage.jpg

PCS has revised upward its industry loss estimate for Hurricane Ida to roughly $27.4bn, according to a recently released update, this publication has learned.

The updated loss total is about a $1.5bn increase from the group’s previous $25.9bn sum of industry losses. The biggest driver of the increase came from Louisiana, where the loss total increased by more than $1bn to $20.27bn,

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