-
Moody’s RMS forecast total insured losses from Helene of $8bn-$14bn. -
Moody’s also predicts losses to the NFIP at potentially more than $2bn.
-
The storm is packing maximum sustained winds of 175 mph.
-
Cole will lead development of the firm’s financial lines practice.
-
Milton threatens to make landfall in Florida shortly after Helene.
-
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.
-
The executive moves from his current role as chief risk officer for Axis Managing Agency.
-
Reinsurance capacity is largely stable but that doesn’t mean discussions will be a smooth ride.
-
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.
