Hurricane Milton Drives Record Insurance Losses in Florida | World Business Watch | WION

Hurricane Milton Drives Record Insurance Losses in Florida | World Business Watch | WION

Hurricane Milton has caused significant destruction in Florida. Insured losses are now estimated between $30 and $50 billion. Fitch ratings, in a report published Thursday, notes that this adds to the mounting strain on the state’s insurance market, which has already surpassed $100 billion in total losses for 2024.

#hurricane #milton #economy

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