Insured industry losses to onshore property for Hurricane Milton will fall between $30 billion and $50 billion, according to an estimate out on Wednesday from Verisk.
Moody’s RMS Event Response said earlier this week that total U.S. private market insured losses from the Hurricanes Helene and Milton will likely range between $35 billion and $55 billion. Modeler Karen Clark & Company issued an estimate this week for Milton alone that will be close to $36 billion in the US from wind, storm surge and inland flooding.