Idalia likely to increase Hurricane Ian challenges: Moody’s
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Idalia likely to increase Hurricane Ian challenges: Moody’s

Aisling Finn
31 August 2023
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Tropical Storm Idalia will “likely further increase” challenges the Florida insurance market is still facing in the wake of Hurricane Ian, Moody’s said in a recent sector analysis report.

The sector is disjointed due to rising property-cat reinsurance prices and high catastrophe exposure, which has increased property values and construction costs.

The

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