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Additional strengthening is expected before Helene makes landfall in Florida tonight. -
An unexpected shift east towards Tampa could push losses beyond $10bn.
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Insurers are fighting to recoup claims they have paid out.
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TSR predicts Atlanta, Georgia, could face Cat 1 windspeeds as the storm moves further inland.
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Helene is currently a Category 1, but rapid strengthening is anticipated over the next day.
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In the best-case scenario, a Big Bend-landing storm could cost $3bn-$5bn, Howden Re said.
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A hurricane warning is in effect from the Anclote River to Mexico Beach, Florida.
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A storm surge warning is in effect from Flamingo to Indian Pass.
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July and August floods and fires caused the bulk of the insured loss burden.
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The system is forming in the same area as 2022’s Hurricane Ian.
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Fifteen events caused estimated losses of $306mn.
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State regulators have been monitoring climate risk for over a decade.
