One of Florida’s largest property insurers and one of its smaller carriers reported losses at least partly related to Hurricane Helene, which landed just before the third quarter closed, and from Hurricane Milton, which struck less than two weeks later. …
Officials called Hurricane Helene’s deadly rainfall and floods “biblical” and “generational.” But weather forecasters used another term: “once in 1,000 years.” Helene was actually the second once-in-a-millennium storm to strike North Carolina in a matter of days. Less than two …
Estimates released on Wednesday from CoreLogic show that insured wind and flood losses from Hurricane Milton are expected to be between $17 billion and $28 billion. CoreLogic’s estimate comes as Moody’s RMS Event response updated its estimate, which shows total …
Publicly traded HCI Group, the Tampa-based holding company for Homeowners Choice Property & Casualty, TypTap and a new condominium insurance reciprocal, is one of the first Florida insurers to report estimated losses after recent hurricanes. HCI said in a statement …
Insured industry losses to onshore property for Hurricane Milton will fall between $30 billion and $50 billion, according to an estimate out on Wednesday from Verisk. Moody’s RMS Event Response said earlier this week that total U.S. private market insured …
Property Insurance claims from Hurricane Milton had topped more than 152,180 by Monday, with some $1.9 billion in estimated insured losses. That’s already more than the claims and losses reported for Helene, which made landfall in Florida two weeks earlier, …
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 confluence of the two storms will make paying claims and …
The total damage and economic loss from Hurricane Milton will be between $160 billion and $180 billion, according to a preliminary estimate from AccuWeather on Thursday. After making landfall as a Category 3 hurricane, Milton will go down as one …
Another important modeler has rung in with insured loss estimates from the damages wrought by Hurricane Helene. Verisk estimates industry insured losses in U.S. for Hurricane Helene will range between $6 billion to $11 billion. Verisk’s estimates comes a day …
Moody’s RMS Event Response on Monday released an estimate showing total U.S. private market insured losses from Hurricane Helene could be between $8 billion and $14 billion. Moody’s puts its best estimate at $11 billion. The estimate represents insured losses …