Total U.S. private market insured losses from the Hurricanes Helene and Milton will likely range between $35 billion and $55 billion, according to Moody’s RMS Event Response, which said the confluence of the two storms will make paying claims and attributing losses difficult.
The estimate is for insured losses associated with wind, storm surge, and rain-induced flooding. Last week, Moody’s RMS estimated insured losses for Hurricane Helene between $8 billion and $14 billion.
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Moody’s expects to issue its final industry-insured loss estimate for