Property Insurance claims from Hurricane Milton had topped more than 152,180 by Monday, with some $1.9 billion in estimated insured losses. That’s already more than the claims and losses reported for Helene, which made landfall in Florida two weeks earlier, the Florida Office of Insurance Regulation posted.
The losses, while less than some had feared, will likely trigger a spike in reinsurance prices and another wave of property insurance rate increases, just as Florida regulators have touted rate stabilization in the state, industry veterans said.
“If the reinsurers are looking to increase their pricing, then