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Hurricane Ida: Damage to cost insurers $18 billion, estimate says
NEW ORLEANS - Hurricane Ida, which made landfall as a Category 4 storm with some of the strongest winds ever to slam Louisiana, is estimated to have caused nearly $18 billion in damage, a modeling company firm said Wednesday. 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. It does not include boats or offshore properties.Ida made two landfalls — first, near La Columba, Cuba on Aug.