Big Bend Idalia landfall would be a retention event for Florida insurers
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Big Bend Idalia landfall would be a retention event for Florida insurers

Farhin Lilywala, 
Kyoung-son Song, Fiona Robertson, Adam McNestrie
August 29, 2023
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tropical storm idalia satellite 28 aug 23.jpg

If Idalia continues to veer towards the Big Bend region of Florida, (re)insurers are generally expecting the storm to represent a retention-level event for domestic insurers in the Sunshine State, although ahead of landfall there is a high degree of uncertainty around the outcome.

A landfall strike within this sparsely populated region could drive a single-digit billion loss, potentially either side of the $5bn mark, sources said.

Florida

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Topics

NewsPropertyFloridaClaims and losses
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Farhin Lilywala
Section Editor, Distribution & Specialty
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Kyoung-son Song
Senior Reporter
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Fiona Robertson
Editor, Insurance Insider
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Adam McNestrie
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