Ida is poised to join Katrina, Sandy, Harvey and Irma on the list of the top five costliest hurricanes as measured by insured losses. Risk Management Solutions, a major catastrophe-risk modeling firm, estimates Ida’s U.S. insured losses at between $31 billion and $44 billion since its Aug. 29 landing in Louisiana. Ida’s steep cost is tied partly to the pandemic. Disruptions to construction, and auto-industry supply chains, as well as labor shortages, are driving up claims costs.
The good news? The volume of robocalls is declining. The bad? Spam texts are surging. The volume of scam robocalls dropped by 29% in August compared to June, when some 2.1 billion scam robocalls were made, according to data from YouMail. But spam robotexts are on the rise and are poised to continue to grow.
Futures are UP after stocks posted strong gains yesterday. The Dow Industrials jumped 338, the Nasdaq added 150 and the S&P 500 was up 41.
