PCS Milton loss estimate rises 15% to $17.2bn
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PCS Milton loss estimate rises 15% to $17.2bn

The industry loss number has increased threefold from an initial $5bn pick.

By Jai Singh
January 23, 2025
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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
Photo: Alamy

Property Claims Service (PCS) has increased its Hurricane Milton industry loss estimate by 15% to $17.2bn, up from $15bn as of November, in its third loss update for the event, sources told this publication.

Sizing

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Topics

Catastrophe lossesNewsFloridaService providerProperty treaty
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