Cleaning up after Hurricane Ida and filing business interruption claims. New Orleans firefighters assess damages as they look through debris after a building collapsed from the effects of Hurricane Ida, on August 30, 2021, in New Orleans, La. (Photo: Eric Gay/AP)

With more than one million homes and businesses without power across Louisiana, assessing the damage from Hurricane Ida will definitely take some time. The Category 4 hurricane made landfall near Port Fourchon, La., on August 29, approximately 40 miles away from where Hurricane Katrina had landed just 16 years earlier.

Preliminary damage estimates of uninsured losses in Louisiana, Mississippi, and Alabama will be approximately $19 billion according to CoreLogic, which pegs total losses (insured and uninsured) somewhere between $27 and $40 billion. Ninety percent of the losses are expected to be found in Louisiana, where nine parishes were severely impacted.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt. Multifamily Fall 2024Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.