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