The death toll from the Category 4 storm was relatively limited, but its floods and winds caused considerable damage, with disruptions in the oil sector that have affected global crude supplies.
Insurers face losses of between $28 billion and $30 billion (24 billion and 25.8 billion euros), Swiss Re said in a statement.
The Swiss insurance firm said its own claims burden from Ida could reach $750 million.
Swiss Re also said floods in Europe in July could cost the industry about $12 billion, with its own losses standing at $520 million.
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