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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night. -
Milton’s center is projected to make landfall near or just south of Tampa Bay.
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The magnitude of the hurricane may impact reinsurers’ capacity deployment.
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Contrary to expectations that US casualty would dominate the conversations, Milton took the spotlight.
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The storm is projected to make landfall in the next 24 hours in the highly populated Tampa Bay region.
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Milton stole the limelight from slightly stuck PE-backed brokers, acquisitive globals and the casualty conundrum.
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Despite pricing declines, state funds recorded their third year of DWP growth.
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The NHC is predicting storm surge, exacerbated by the tide, as high as 15ft for Tampa Bay.
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A hurricane warning has been issued for the east coast of Florida.
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Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
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Hurricane Milton strengthened from a tropical storm on Sunday to a Category 5 storm yesterday.
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Reinsurance capacity is largely stable but that doesn’t mean discussions will be a smooth ride.
