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Sources expect loss amplification in claims from Georgia, the Carolinas and Tennessee. -
The numbers will be refined further to arrive at an industry loss estimate.
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Tallahassee avoided a major hit – but flood and storm-surge losses remain unknown.
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Attendees concurred that they don’t expect the “Golden Age of E&S” to end anytime soon.
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An unexpected shift east towards Tampa could push losses beyond $10bn.
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Andrew Rowland will oversee the portfolio, offering up to $7mn per risk.
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Property rates had increased 25.5% one year ago, in Q2 2023.
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Francine has been the eighth Category 2 or larger storm to make landfall in Louisiana since 2000.
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The storm is expected to make landfall in the next several hours.
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An estimated $450mn of losses from Hurricane Beryl will wipe out a surplus Twia had been building since 2017.
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"Life-threatening" storm surge and hurricane-force winds are expected for the state, according to the NHC.
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The estimate from the Perils-owned company does not include any losses from Hurricane Debby.
