Moody’s RMS pegs ex-NFIP Idalia industry loss at $3bn-$5bn
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

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

Rachel Dalton
04 September 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
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

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsLossesHurricaneRMS
rachel dalton 2024 ii red 2.png
Rachel Dalton
Lead Reporter
Contact
Gift this article