Fitch: 2024 insurers’ losses to hit $100B due to Hurricane Milton

  • 2 hours ago
Fitch: 2024 insurers’ losses to hit $100B due to Hurricane Milton

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Transcript
00:00Hurricane Milton may cost up to $50 billion in insured losses for Florida,
00:05pushing total losses over $100 billion in 2024. Fitch Ratings reports that while losses could
00:11have been worse, they are still significant, making it the largest loss since Hurricane Ian
00:16in 2022. The final cost will depend on demand for repair supplies. Local insurers can manage
00:23these losses, but the insurance market in Florida is becoming more fragile.

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