-
Milton and Helene will join reserve trends, cat losses and organic growth as Q3’s key topics.
-
Most of the insured loss was attributable to wind.
-
The company incurred $563mn of total cat losses related to the storm.
-
RMS will issue its final loss estimates for Milton later this week.
-
Milton’s significant but less-than-expected hit shifts our expectations for industry recovery.
-
Milton made landfall near Siesta Key yesterday, leaving 2.7 million homes without power.
-
Over the past several months, Floir approved nearly one million policies for takeout from Citizens.
-
On Wednesday, the model had suggested a mean figure at $25.3bn.
-
Florida insurers averted a crisis, but reinsurers will still see damages.
-
The event has spared (re)insurers the more extreme scenarios that were under discussion earlier this week.
-
Milton made landfall south of Tampa Bay at Category 3 on Wednesday night.
-
Florida domestics, reinsurance rates and the NFIP are all under watch.