【World Property Journal】Hurricane Ida Property Damage Could Total $40 Billion

According to new data by CoreLogic, insured and uninsured losses from wind, storm surge and inland flooding damages to residential and commercial properties in Louisiana, Mississippi and Alabama are estimated to be between $27 billion and $40 billion.

Total insured flood loss for residential and commercial properties in Louisiana, Mississippi, and Alabama is estimated to be between $6 billion and $9 billion, which includes both storm surge and inland flooding. Uninsured flood loss for this area is estimated to be between $8 billion and $12 billion. Insured wind losses are an estimated additional $8 billion to $12 billion. More than 90% of the losses are estimated to be in Louisiana, primarily in the nine parishes in the New Orleans-Metairie-Hammond metropolitan area and in the Ascension, Lafourche, Livingston and Terrebonne parishes immediately to the west.

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