Swiss Re: loss estimate of hurricane Ida

According to Swiss Re's first estimates, hurricane Ida, which hit Louisiana at the end of August 2021, may generate total insured losses ranging between 28 and 30 billion USD. The Zurich-based reinsurer alone is likely to bear 750 million USD.

For the record, storm Ida is considered as the second most devastating hurricane recorded in the United States after Katrina in 2005.