Moody’s RMS pegs ex-NFIP Idalia industry loss at $3bn-$5bn
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Moody’s RMS pegs ex-NFIP Idalia industry loss at $3bn-$5bn

moodys rms storm 3.jpg

Moody’s RMS has estimated that the total private market insured loss from Hurricane Idalia at between $3bn and $5bn – a reduction compared with its final pre-landfall estimate of $6.3bn – with a best estimate of $3.5bn.

The modelling firm published an estimate breaking down wind, storm-surge and rain-induced flooding losses to the private market.

It excludes losses sustained by the National Flood Insurance Programme (NFIP).

Moody’s

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