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The NFIP has a higher take-up rate in Tampa Bay, which experienced record coastal storm surge. -
Helene is expected to become a post-tropical low later today.
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Aon estimated losses for the Czech Republic at EUR775mn, Austria EUR555mn, Poland EUR285mn and Slovakia EUR33mn.
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More than one million Floridians are without power after the storm hit.
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Additional strengthening is expected before Helene makes landfall in Florida tonight.
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Only three storms have impacted a larger area than Helene since 1998.
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An unexpected shift east towards Tampa could push losses beyond $10bn.
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TSR predicts Atlanta, Georgia, could face Cat 1 windspeeds as the storm moves further inland.
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Better performance data and clarity around entry are key, report says.
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The cat bond application process will be streamlined to 10 working days.
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The storm is expected to make landfall in Florida’s Big Bend coast on Thursday evening.
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Helene is currently a Category 1, but rapid strengthening is anticipated over the next day.
