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Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.
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Milton’s center is projected to make landfall near or just south of Tampa Bay.
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Florida concentrated property insurers are expected to face capital struggles.
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The NHC storm track predicts landfall below Sarasota, south of Tampa Bay.
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The estimate applies to a landfall south of Tampa Bay.
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Geopolitical conflict could expose the global economy to $14.5tn in losses.
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The storm is now predicted to make landfall south of Tampa Bay.
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Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
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Destructive storm surge is expected along Florida’s west coast on Wednesday.
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Moody’s also predicts losses to the NFIP at potentially more than $2bn.
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The “exceptionally large and powerful” Category 4 storm made landfall in Florida last month.
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Rising sea levels and ocean warming were likely factors in Helene’s strength.