-
Sources said that Milton may slow the pace of rate deceleration. -
The firm still expects to deliver positive net income for Q3 2024.
-
The Floridian insurer has $80mn in surplus, with retention sitting at less than 10%.
-
The company said $13bn-$22bn will come from wind damage.
-
Hurricane Helene was blamed for $92mn of those losses.
-
HCI is estimated to incur a net expense of $125mn for Milton in Q4 2024.
-
Most of the insured loss was attributable to wind.
-
RMS will issue its final loss estimates for Milton later this week.
-
Milton’s significant but less-than-expected hit shifts our expectations for industry recovery.
-
Milton made landfall near Siesta Key yesterday, leaving 2.7 million homes without power.
-
Over the past several months, Floir approved nearly one million policies for takeout from Citizens.
-
On Wednesday, the model had suggested a mean figure at $25.3bn.
