Sep 27, 2024: The community of Steinhatchee, Fla., returned to their small town after the Cat. 4 Hurricane Helene battered the West Coast of Florida, only to find it devasted by the storm's destructive winds and over ten-foot storm surge. The storm surge lifted structures off their fondations, leaving residents searching for a place they once called home. Photo: Brigida Sanchez/U.S. Army Corps of Engineers, Jacksonville District

With devastating force, hurricanes Helene and Milton left a swath of destruction across the Gulf of Mexico, totaling an estimated $70 billion in damages – a figure reported by Moody’s that reflects the season’s unprecedented intensity.

Property and casualty insurers have been left reeling, compelled to recalibrate their risk models and critically reassess their investment playbook in response.

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