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On Wednesday, the model had suggested a mean figure at $25.3bn. -
Florida insurers averted a crisis, but reinsurers will still see damages.
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The event has spared (re)insurers the more extreme scenarios that were under discussion earlier this week.
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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
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Florida domestics, reinsurance rates and the NFIP are all under watch.
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Milton’s center is projected to make landfall near or just south of Tampa Bay.
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Florida concentrated property insurers are expected to face capital struggles.
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The NHC storm track predicts landfall below Sarasota, south of Tampa Bay.
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The estimate applies to a landfall south of Tampa Bay.
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Earlier this week, Moody’s RMS Event Response estimated the event would cost $8bn-$14bn.
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The storm is now predicted to make landfall south of Tampa Bay.
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Milton stole the limelight from slightly stuck PE-backed brokers, acquisitive globals and the casualty conundrum.
