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Assessing the damage and financial toll on insurers of Hurricane Milton
Before the storm began, insurance industry experts estimated losses could reach up to $100 billion for the global insurance sector. Hurricane Milton swept through Florida with strong winds, heavy rains, and several tornadoes, causing at least four deaths. The storm made landfall on October 9 in Siesta Key as a Category 3 hurricane, wreaking havoc […]
Florida insurers bolster capital for 2024 storm season
Despite the storm’s impact, Florida’s insurance sector has started 2024 in a stronger financial position During the 2024 tropical storm season, Florida’s insurance sector has demonstrated a notable capacity for adaptation and preparedness, aiming to protect its financial balances and provide more robust coverage. According to a report by the KBRA agency, recent regulatory reforms […]
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