KCC pegs Hurricane Milton insured losses at ~$36bn
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KCC pegs Hurricane Milton insured losses at ~$36bn

The estimate includes private cover for residential, commercial and industrial property.

By Rachel Dalton
October 15, 2024
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A member of the Pasco County Sheriff's Office goes out to help residents trapped in their homes as waters rise after Hurricane Milton caused the Anclote River to flood, Friday, Oct. 11, 2024, in New Port Richey, Fla. (AP Photo/Mike Carlson)
Photo: Alamy

Karen Clark & Company (KCC) has estimated the privately insured losses from Hurricane Milton will amount to around $36bn from wind, storm surge and inland flooding.

The

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Topics

ReinsurersInsurersNewsProperty treatyClaims and lossesNorth America
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