Estimates released on Wednesday from CoreLogic show that insured wind and flood losses from Hurricane Milton are expected to be between $17 billion and $28 billion.
CoreLogic’s estimate comes as Moody’s RMS Event response updated its estimate, which shows total private market losses from Hurricane Milton will be between $22 billion and $36 billion, with a best estimate of $26 billion.
Their estimate represents insured losses associated with wind, storm surge and rain-induced flooding from the event. Earlier in the week, Moody’s said total U.S. private market insured losses from the Hurricanes Helene and Milton