It's not just hurricanes that are driving up insurance premiums. (Credit: VectorMine/Adobe Stock)
Between $8 billion and $14 billion with a "best" estimate of $11 billion is Moody's RMS Event Response's projection for the total U.S. private market insured losses from Hurricane Helene.
That was before Hurricane Milton, which saw a rapid intensification that was one of the "most extreme ever recorded," according to Everstream Analytics. But it landed in Florida as a Category 3 hurricane — a serious risk but far better than the Category 4 or 5 experts expected.
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