Tropical Storm Nicole could incur $1bn-$2bn of insurance losses: BMS’s Siffert
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Tropical Storm Nicole could incur $1bn-$2bn of insurance losses: BMS’s Siffert

Kyoung-son Song
November 08, 2022
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BMS senior meteorologist Andrew Siffert has said that Tropical Storm Nicole’s landfall as a Category 1 hurricane in Florida could be an industry loss event of around $1bn-$2bn for insurers.

In an interview with Inside P&C, Siffert said that losses could skew to the higher end of the range if the storm intensifies and makes landfall as a Category 2 hurricane.

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Kyoung-son Song
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