General Insurance Article - Swiss Re estimates Hurricane Ida claims at USD 750 million


Swiss Re estimated its preliminary claims burden from Hurricane Ida at approximately USD 750 million. On an industry level, Swiss Re estimated total insured market losses to be in the range of USD 28–30 billion.

 Hurricane Ida, the second-most intense hurricane on record to hit the US state of Louisiana, also caused extensive wind and flood damage across the Eastern and Mid-Atlantic parts of the US. After making landfall on 29 August 2021, the category 4 hurricane caused wide-ranging power outages and severe infrastructure damages particularly in Louisiana, before triggering exceptional flash flooding and storm surges in the Northeastern regions of the country.

 Swiss Re also updated its loss estimate for the July floods in Europe at approximately USD 520 million. The Group estimated total insured market losses of the industry for this event at approximately USD 12 billion.

 The foregoing estimates are subject to uncertainty and may need to be subsequently adjusted as the claims notification and assessment process continues.
 
  

  

 
  

Back to Index


Similar News to this Story

What the 2026 hurricane season means for insurers
Commentary from Matthew Bellamy, Underwriting Director, Lloyd's Market Association: While the 2026 Atlantic hurricane season has been incredibly
Riots in France: implications for insurers and London market
Comments from Emily Powell, Associate in HCR’s Insurance, Risk & Regulatory Team: “This month's losses will be dealt with under policies as they
Home Insurance premiums fall but claims cost cloud outlook
Competitive home insurance premiums were -4.4% lower in September 2026 than a year earlier, according to Defaqto’s latest Market Pricing data, with co

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.