Hurricane Milton will cost insurers and reinsurers somewhere in the range of $22-$36bn, according to Moody’s RMS Event Response.
Hurricane Milton hit south of Tampa, making landfall in Siesta Key and South Sarasota around on 9 October as a Category 3 hurricane.
The insurance and reinsurance broker appoints former CEO of the London Market Group Clare Lebecq as its chief operating officer.
Two new senior leadership roles in the US for reinsurance broker Aon.
Catastrophe modeller Moody’s RMS will issue its final industry-insured loss estimate for Hurricane Milton later this week.
Verisk’s Greg Gaydos explained why the US excess and surplus lines are the natural next step for its Whitespace product.
Hurricane Milton’s US landfall came at Siesta Key as a category three storm, leaving more than two million homes and businesses without power.