could cause billions of dollars in insured losses across Louisiana, Alabama and Mississippi, firms estimate.
Wells Fargo and Fitch Ratings analysts both have estimated the damages could total $15 billion to $20 billion. In comparison,, which struck Louisiana 16 years to the day before Ida, caused a record $65 billion in insured losses, according to Fitch. Catastrophe-modeling firms AIR Worldwide and RMS said they didn’t yet have estimates for insured losses stemming from Ida., insurer Allstate said it had set up multiple mobile claim centers in Alabama and Texas and had personnel ready to move in to assess damages as soon as it was possible for them to do so.
“We’re out of the way, safe, but close enough to quickly get to our customers and heavily damaged communities as soon as Ida moves out,” said Jerry Samson, senior manager of response for Allstate’s national catastrophe team, in a statement.
Time to move people out of HURRICANE BAD ZONES.
Time to payback.. you fat insurance company...
this person has been paying insurance premiums for decades with no claims - New Orleans needs to move - ridiculous rebuilding this city every few years at the expense of others
Lol, didn’t we just leave 80 Billion in Afghanistan to a bunch of terrorist? 🧐 Just common sense tells me, we could have used some or most of that…