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The NHC is predicting storm surge, exacerbated by the tide, as high as 15 ft for Tampa Bay. -
A hurricane warning has been issued for the east coast of Florida.
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Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
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Hurricane Milton strengthened from a tropical storm on Sunday to a Category 5 storm yesterday.
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Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
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Eight Floridians will take on personal residential multi-peril and wind-only policies.
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Citizens’ auto-renewal controls were down from February 2023 to August 2023.
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The storm brought a lot of rain, but the Floridian doesn’t provide flood insurance.
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The ‘life threatening’ hurricane has potential for “historic heavy rainfall” in the southeastern United States.
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Sources said that while a late June-early July IPO is still on the table, a Q4 or early 2025 listing is expected.
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Concerning hurricane forecasts are among the factors driving tighter reinsurer capacity.
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Top layer competition is an added pressure on ILS firms, but the impact can be overstated.
