Hurricane Milton News
Hurricane Milton Insured Losses in $30B-$50B Range, Says Verisk
Catastrophe modeler Verisk said it expects insured losses from Hurricane Milton will be between $30 billion and $50 billion from damages caused mostly by wind. Verisk's Extreme Event Solutions group ...
Progressive Retaining Helene, Milton Property Losses Net; Auto Over $0.7B
Progressive disclosed property and vehicle insurance loss estimates for Hurricanes Helene and Milton in conjunction with the carrier's report of third-quarter earnings yesterday, indicating it won't ...
Tornadoes Caused Damage Far From Hurricane Milton Landfall
Tony Brazzale, a diving boat captain who has lived for 10 years in his Wellington home in southeastern Florida, wasn't worried about Hurricane Milton. The storm's center was forecast to make landfall ...
KCC Expects Private Insured Losses of $36B From Hurricane Milton
Florida's Hurricane Milton caused private insured losses of about $36 billion, estimated catastrophe modeler Karen Clark & Co. The estimate includes losses from wind, storms surge, and inland ...
Moody’s: Insured Losses for Helene and Milton $35B-Plus But Estimates Cloudy
Total U.S. private market insured losses from the Hurricanes Helene and Milton will likely range between $35 billion and $55 billion, according to Moody's RMS Event Response, which said the ...
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 ...
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 ...