KCC Expects Private Insured Losses of $36B From Hurricane Milton October 15, 2024 By Chad Hemenway Florida’s Hurricane Milton caused private insured losses of about $36 billion, estimated catastrophe modeler Karen Clark & Co. The estimate...
Combined Losses From Milton and Helene to Be $35B-$55B: Moody’s RMS October 15, 2024 Moody’s RMS said private insurers can expect to dole out between $35 billion and $55 billion for hurricanes Milton and...
Fitch Expects Insurance Industry Losses of Up to $50B From Milton October 11, 2024 Fitch Ratings expects Hurricane Milton to cause between $30 billion and $50 billion in insured losses to push total industry...
Milton’s Surprise Was the Damage Unleashed by Powerful Winds October 11, 2024 By David R. Baker, Lauren Rosenthal and Mary Hui Storm Weakened But Still Brought 120-mph Winds to St. Petersburg Area Hurricane Milton’s devastating path across Florida has left at...
Group of Scientists Say Climate Change Drove Helene Impacts October 11, 2024 By Don Jergler Climate change was a key driver of the devastating impacts of Hurricane Helene, a group of scientists said this week....
Catastrophe Bonds Dodge Worst-Case Scenario After Milton October 10, 2024 By Gautam Naik After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted...
Hurricane Milton Could Use Up P/C Insurers’ 2024 Catastrophe Budgets October 10, 2024 S&P Global Ratings said potential losses from Hurricane Milton could fully deplete the 2024 natural catastrophe budgets for rated U.S....
With Back-to-Back Storms, Florida Now Facing Delays in Claims Adjusting October 10, 2024 By William Rabb With Hurricane Milton now expected to produce several hundred thousand wind-damage claims and with the storm coming so soon on...
Experts Predict Impacts of $25B+ Milton Hit to Insurers, Reinsurers October 9, 2024 By Susanne Sclafane A wide cone of uncertainty surrounds insurance experts’ pre-landfall predictions about the state of the industry that will prevail in...
Hurricane Milton Insured Loss Could Be $60 Billion, Similar to 2022’s Ian: RBC October 9, 2024 By Carolyn Cohn Hurricane Milton could result in a $60 billion loss for the global insurance industry, creating a surge in 2025 reinsurance...