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Ida will trigger meaningful retro losses at $30bn+

New York, USA. 2nd Sep, 2021. Vehicles are submerged on a waterlogged road in New York, the United States, Sept. 2, 2021. New York State Governor Kathy Hochul declared her first state of emergency early Thursday as remnants of Hurricane Ida brought torren
Photo: Alamy Stock Photo

Occurrence retro covers will be increasingly impacted by Hurricane Ida, as Northeast flooding pushes up insured loss estimates and makes it likely that a higher share of claims could flow into the market.

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