Verisk Analytics sees insured industry losses from Hurricane Milton $30B-$50B

The Extreme Event Solutions group at Verisk estimates that insured industry losses to onshore property for Hurricane Milton will fall between $30B-$50B. This estimate includes losses due to wind, privately insured estimates of storm surge, and privately insured precipitation induced flood losses resulting from Milton’s landfall in Florida. The majority of the insured loss is attributable to wind.