Hurricane Milton’s Losses Projected to Overshadow Florida Citizens’ Insurance Funds
As Florida braces for Hurricane Milton, projected to be a Category 3 or 4 hurricane at landfall, the potential financial impact looms large, with insured losses estimated to reach $100 billion. Analysts from Morningstar DBRS and RBC have played crucial roles in these projections, suggesting that the losses would be substantial. Citizens Property Insurance Corp.,…