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@RobertCousineau good catch; estimates have been drastically reduced from initial projections, it seems.

@NicoDelon more importantly, the creator is no longer here to clarify what's included in the total

@NicoDelon thanks :)

Moody's published a lessons learned on why they overestimated (saying it ended up being 3-5b insured, and .5b from FEMA). I can find a couple other sources saying a couple hundred million for agricultural damage, but I'm seeing nothing real above 10b in total. Further, wikipedia is saying 2-5b in damages.

https://cre.moodysanalytics.com/insights/cre-news/lessons-from-hurricane-idalia/

Moody's Analytics CRE | Lessons From Hurricane Idalia

Hurricane season has officially begun. In this week’s climate corner, Natalie Ambrosio Preudhomme covers Hurricane Idalia, impacts to CRE, and predictions for the rest of the season.

@RobertCousineau alright, cutting my losses by selling and switching. good work!

Not gonna trade on this market since the creator has apparently deleted their account. But are we to assume damages = insured and uninsured property damage + lost output? Or is it only supposed to be property damages?

@sarius My guess is total damages since this wasn’t specified and most estimates so far put that in the $20B ballpark.

https://www.forbes.com/sites/brianbushard/2023/08/31/hurricane-idalia-leaves-up-to-20-billion-in-damage-estimate-sayswell-below-ian/?sh=4d60499b35da

Hurricane Idalia Leaves Up To $20 Billion In Damage, Estimate Says–Well Below Ian

Hurricane Idalia caused widespread flooding and “life threatening” storm surge as it barreled through Florida on Wednesday.

Just noting that $10B is a lot but an order of magnitude lower than Ian (cat 4/5, 2022).

https://www.reuters.com/world/us/hurricane-idalia-could-cost-insurers-936-bln-ubs-2023-08-30/

Insurers brace for Idalia claims, UBS estimates $9.36 billion cost in Florida

Insurers were expected to face claims for billions of dollars from Hurricane Idalia which made landfall in Florida on Wednesday, adding to a challenging year for the industry that could result in higher premiums for customers.