Jump to content

Hurricane Ida


Parsad

Recommended Posts

Losses from Katrina were around $125B...Ida looks to be stronger than Katrina!  Berkshire usually accounts for 5-8% of such losses...Fairfax usually gets hit with 0.5-1% of such losses.  I wonder if the area/levies have been reinforced to withstand Category 4 hurricanes better after the Katrina experience...we'll soon find out!  Cheers!

 

https://www.cnn.com/2021/08/28/weather/hurricane-ida-saturday/index.html

Link to comment
Share on other sites

I don’t think Berkshire would be on the hook for 5-8% of a gulf super cat today. They are way smaller in that business now. 
 

Also, if levees break it causes a flood, which would be largely a federal flood insurance / FEMA loss. 
 

If this storm can weaken over less populated areas and move on out it may be less costly than Katrina.  

But, yes, the Federal Government spent a fortune improving the levees and flood gates that protect New Orleans since Katrina. 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...