Big Bend Idalia landfall would be a retention event for Florida insurers
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Big Bend Idalia landfall would be a retention event for Florida insurers

tropical storm idalia satellite 28 aug 23.jpg

If Idalia continues to veer towards the Big Bend region of Florida, (re)insurers are generally expecting the storm to represent a retention-level event for domestic insurers in the Sunshine State, although ahead of landfall there is a high degree of uncertainty around the outcome.

A landfall strike within this sparsely populated region could drive a single-digit billion loss, potentially either side of the $5bn mark, sources said.

Florida

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article