Markets
Milton’s Surprise Was the Damage Unleashed by Powerful Winds
Storm Weakened But Still Brought 120-mph Winds to St. Petersburg Area Hurricane Milton's devastating path across Florida has left at least 10 dead, millions without power, and destroyed homes and ...
Homeowners Insurers Argue for a 42% Average Rate Hike in North Carolina
With many western North Carolina residents still lacking power and running water from Hurricane Helene, a hearing began last Monday on the insurance industry's request to raise homeowner premium ...
Catastrophe Bonds Dodge Worst-Case Scenario After Milton
After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted as recently as the Wednesday before landfall. Estimates that ...
Repeat of 1/1/2023 Reinsurance Hikes Unlikely As Reinsurers Take Milton Hit
Reinsurers will have some meaningful losses from Hurricane Milton but a replay of the shocking price hikes cedents experienced during Jan. 1, 2023 renewals isn't likely to repeat for 2025, Fitch ...
Small Track Changes Drive $70B+ Swing in Milton Insured Loss Estimates
Insured losses from Hurricane Milton could sit anywhere within a $70-plus-billion range extending from $9 billion to $85 billion, experts from CoreLogic said yesterday afternoon, at least nine hours ...
Experts Predict Impacts of $20-$25B+ Milton Hit to Insurers, Reinsurers
A wide cone of uncertainty surrounds insurance experts' pre-landfall predictions about the state of the industry that will prevail in the aftermath of Hurricane Milton, with most viewing it as a $20 ...
The Latest Hurricane Helene Insured Loss Estimates: Totals Move Higher
Early estimates of Hurricane Helene U.S. private insurance market losses in the $5 billion to $10 billion range have moved up higher in recent days, with Moody's RMS offering the latest estimates of ...
Where Are the Private Insurers? Analyses Highlight U.S. Flood Gap
Two new analyses—one from a risk modeler estimating insured damages from Hurricane Helene, and the other from a rating agency about flood insurance penetration and profitability—highlight the ...