Moody’s RMS has pegged private insured losses from Hurricane Milton to between $22 billion and $36 billion, with a best guess of $26 billion.
The Newark, California-based catastrophe modeler also narrowed its range for insured losses from hurricanes Milton and Helene to between $30 billion and $50 billion from wind, storm surge, and rain-induced flooding. The firm had earlier released a range of $35 billion and $55 billion from both hurricanes combined.
“We were fortunate to avoid the