Hurricane Milton: A market stabilizer for commercial property?
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Hurricane Milton: A market stabilizer for commercial property?

Sources said that Milton may slow the pace of rate deceleration.

By Shelby Rosenberg
October 23, 2024
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Sarasota, Florida, USA. 10th October, 2024. Residents survey damage to their neighborhood following Hurricane Milton. Credit: david childers/Alamy Live News

Hurricane Milton is not likely to throw the transitioning commercial property market back into hardening, sources told Insurance Insider US, but it could cause the pace of forecasted rate decreases to slow as carriers take stock of the storm’s...

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