FILE - A motorist drives past storm-damaged houses after Hurricane Ida on Sept. 3, 2021 in Grand Isle, Louisiana. (Sean Rayford/Getty Images)RELATED: Hurricane Ida: Damage to cost insurers $18 billion, estimate saysIdaAccording to preliminary models, Ida is estimated to have caused nearly $18 billion in damages.
Based on high-resolution reference models from Karen Clark & Co., the company estimates that the insured loss from Hurricane Ida will be close to $18 billion, with $40 million in the Caribbean and the rest from wind and storm surge losses in the US.According to a report by KCC, the estimate includes the privately insured damage to residential, commercial and industrial properties and automobiles.