Hurricane Ida Losses Manageable for the Insurance Industry

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      <subfield code="a">Property damage and business interruption losses may contribute more heavily to overall losses than did Hurricane Laura last year, which had a greater impact on personal lines business. Louisiana insurers are already trying to move past a 2020 spike in weather-related losses, with more than 300,000 claims attributable to Hurricanes Laura, Delta, and Zeta, according to the report. The Best's Commentary also notes that a surge in demand for materials and goods post-Hurricane Ida could increase the level of (re)insured losses meaningfully, especially in light of a 5.4% rise in the U.S. consumer price index from roughly a year ago</subfield>
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