👉 Impact on the Economy.
Hurricane Milton could generate losses of up to US$$ 100 billion for insurers, says Morningstar DBRS
▶️ Morningstar DBRS estimates that Hurricane Milton could cause losses between US$$ 60 billion and US$$ 100 billion to insurers, comparable to Hurricane Katrina in 2005.
▶️ Milton is expected to hit Florida this Wednesday, with the potential to harm the US economy in the fourth quarter.
▶️ Depending on the path, losses may vary, being smaller if the entry point is south of Tampa.
▶️ The 2024 hurricane season is already bringing considerable losses to insurers, aggravated by the increased frequency of extreme weather events.
▶️ This impacts not only the Northern Hemisphere, but also the South, as seen in the floods in Rio Grande do Sul.