Milton will be a greater test for Lloyd’s than Ian
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Milton will be a greater test for Lloyd’s than Ian

Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.

By Fiona Robertson Samuel Casey Rachel Dalton
October 10, 2024
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Highway signage announces the impending arrival of Hurricane Milton and the evacuations zones on Tuesday, Oct. 8, 2024, in Port Richey, Fla. (AP Photo/Mike Carlson)
Photo: Alamy

Hurricane Ian was seen as a vindication of the 2018-2022 Lloyd’s remediation work, but Hurricane Milton will not be as simple a story for the market, even if it is generally well-positioned after a strong H1 to absorb claims.

In...

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Topics

Claims and lossesCatastrophe lossesLloyd'sReinsurersAnalysisFloridaProperty treatyHigh net worthMarine
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