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The storm is packing maximum sustained winds of 175 mph. -
Cole will lead development of the firm’s financial lines practice.
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Milton threatens to make landfall in Florida shortly after Helene.
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A quick roundup of today’s need-to-know news, including Hurricane Milton and Helene damage estimates.
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The government flood insurance program now carries $21bn in debt.
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Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
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The executive moves from his current role as chief risk officer for Axis Managing Agency.
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Reinsurance capacity is largely stable but that doesn’t mean discussions will be a smooth ride.
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The NFIP’s losses are estimated at $4.5bn-$6.5bn.
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Experts have raised concerns over significant rainfall, record-setting storm surge and lingering Hurricane Helene debris.
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The “exceptionally large and powerful” Category 4 storm made landfall in Florida last month.
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A roundup of today’s news, including surplus lines growth, a Hurricane Helene wrap and a postcard from NetDiligence.
