Moody’s RMS again trims pre-landfall Idalia mean loss to $6.3bn

30 August 2023

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Moody’s RMS has cut its pre-landfall mean loss figure for Hurricane Idalia by a further ~$1bn to $6.3bn as of today, according to sources, as the industry breathed a sigh of relief based on the sparsely populated areas initially impacted by the storm.

Earlier this week, the firm released modelled loss scenarios that showed a mean possible loss of $9.4bn. This mean scenario – which is wind-only – was revised downwards yesterday to $7.2bn.

These

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Moody’s RMS again trims pre-landfall Idalia mean loss to $6.3bn

Moody’s RMS has cut its pre-landfall mean loss figure for Hurricane Idalia by a further ~$1bn to $6.3bn as of today, according to sources, as the industry breathed a sigh of relief based on the sparsely populated areas initially impacted by the storm.

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Moody’s RMS again trims pre-landfall Idalia mean loss to $6.3bn

Moody’s RMS has cut its pre-landfall mean loss figure for Hurricane Idalia by a further ~$1bn to $6.3bn as of today, according to sources, as the industry breathed a sigh of relief based on the sparsely populated areas initially impacted by the storm.

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Fuel a smarter strategy with our actionable market intelligence

Topics

PFZW’s ILS investments return 11.7% year-to-date

Cat bond volume of $495mn has come to the market

Milton: A proof of concept moment for ILS

Communicating ILS nuances will build trust among end-investors: ILS Connect panel

CoreLogic pegs Milton insured loss at $17bn-$28bn