Industry News
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 ...
Federal Flood Maps Are No Match for Florida’s Double Hurricane
Even before the second megastorm in as many weeks brings devastating floodwaters to the Southeast U.S., it's already clear that federal flood-risk maps underpinning ...
Verisk Estimates Up to $11B in Insured Losses From Hurricane Helene
The Extreme Event Solutions group at Verisk estimates insured losses due to wind, storm surge and flood in the U.S. for Hurricane Helene will range between $6 billion to ...
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 ...
U.S. P/C Insurers’ See Slump in Shares as Hurricane Season Losses Mount
U.S. property and casualty insurance stocks tanked on Monday after Hurricane Milton intensified into a category 4 storm on its path towards Florida's western coast, marking yet another costly ...
Hurricane Milton Barrels Toward Florida With 165 MPH Winds
Milton, the Atlantic's strongest hurricane this year, is set to approach the Florida peninsula as a catastrophic Category 5 storm, bearing down on a region still ...
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 ...