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Flooded by Ida? Many Policyholders Can Expect Increased Premiums for Flood Insurance

By Benjamin D. Tievsky & Aaron D. Coombs on October 1, 2021
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Hurricane-ida-98184957-e1633109271415-284x300After hitting the shores of Louisiana with winds of up to 172mph in late August, Hurricane Ida’s remnants barreled up to the northeastern United States, leaving waves of destruction in its wake. The deluge of rain—more than half-a-foot fell in just a few hours—turned streets and subway platforms into rivers. The catastrophic flooding caused by the record-breaking rainfall killed several dozen people, left thousands without power, and damaged countless homes and businesses. All told, Ida is said to have caused more than $50 billion in damage. And scientists predict that, because of climate change, heavy rainfall-producing storms like Ida will only become more and more frequent.

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  • Posted in:
    Insurance
  • Blog:
    Policyholder Pulse
  • Organization:
    Pillsbury Winthrop Shaw Pittman LLP
  • Article: View Original Source

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