Expect average claim to be higher, says AIR as it ups Ida loss estimate

14-09-2021

Expect average claim to be higher, says AIR as it ups Ida loss estimate

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Catastrophe risk modelling firm AIR Worldwide has increased its insured loss estimates for Hurricane Ida after analysing the inland flood impacts across the entirety of its track, including the Northeast. At the same time, it has warned insurers to expect the average claim to be higher due to increased repair and reconstruction costs.


AIR Worldwide, Hurricane Ida, Insured Losses, Risk Modelling, Catastrophe, Property, Insurance, Reinsurance, North America

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