Early Hurricane Milton estimates coalesce around $40bn-$50bn
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Early Hurricane Milton estimates coalesce around $40bn-$50bn

The event has spared (re)insurers the more extreme scenarios that were under discussion earlier this week.

By Rachel Dalton
October 10, 2024
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A high rise construction crane broke apart and crashed into the building across the street during Hurricane Milton on Thursday, Oct. 10, 2024, in St. Petersburg, Fla. (AP Photo/Mike Carlson)
Alamy Stock Photo

The (re)insurance market has avoided the worst-case scenario regarding Hurricane Milton, with a day-one post-landfall consensus building around a $40bn-$50bn loss, Insurance Insider US understands.

At

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Topics

NewsClaims and lossesCatastrophe lossesFlorida
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