Early pre-landfall Moody’s RMS stochastic events output points to $9bn mean Idalia wind loss

Modelling firm Moody’s RMS has delivered a pre-landfall stochastic events STEP tool output for Idalia to clients that includes a mean wind only industry loss of $9.36bn, The Insurer understands, while BMS senior meteorologist Andrew Siffert has commented that the storm “means business”.