-
The storm is packing maximum sustained winds of 175 mph. -
The government flood insurance program now carries $21bn in debt.
-
Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
-
Experts have raised concerns over significant rainfall, record-setting storm surge and lingering Hurricane Helene debris.
-
The “exceptionally large and powerful” Category 4 storm made landfall in Florida last month.
-
Industry sources widely expect the storm to wipe out Q3 earnings progress for domestics.
-
Sources expect at least $80mn-$90mn of insured losses stemming from the case.
-
Rising sea levels and ocean warming were likely factors in Helene’s strength.
-
The figure does not include NFIP losses.
-
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.
-
Praedicat CEO Bob Reville outlined the firm’s approach to "casualty cat" as liability risk modeling continues to mature.
