Hurricane Milton losses in upper half of $30bn-$60bn estimate

Morningstar DBRS warns higher reinsurance prices will put pressure on already-high primary rates

Sarah JollyOctober 14, 2024
Hurricane Milton from the International Space Station
View of Hurricane Milton on 8 October from the International Space Station. Credit: NASA

Insured losses from Hurricane Milton are expected to fall in the upper half of Morningstar DBRS’s estimated range of $30bn-$60bn, the analyst said, sending reinsurance prices upwards again and adding to already-high primary r...

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Sarah JollyOctober 14, 2024
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