Milton unlikely to affect carriers’ credit ratings: Fitch
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Milton unlikely to affect carriers’ credit ratings: Fitch

The hurricane is likely to prevent rate reductions in property cat in 2025.

By Rachel Dalton
October 11, 2024
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Police block off a bridge leading to the barrier island of St. Pete Beach, Fla., ahead of the arrival of Hurricane Milton, in South Pasadena, Fla., Wednesday, Oct. 9, 2024. (AP Photo/Rebecca Blackwell)

Hurricane Milton is unlikely to affect the credit ratings for P&C (re)insurers given strong capitalisation levels, according to Fitch Ratings.

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