Ida's Insurance Impact Likely to be Boosted by Pandemic Pricing

Ida’s Insurance Impact Likely to be Boosted by Pandemic Pricing

September 7, 2021

Insurers are bracing for $15 billion to $30 billion in claims from Hurricane Ida, but the figure could jump higher, in part because of pandemic pricing that has pushed up the cost of lumber and labor to rebuild, insurance experts said Monday.

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