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.