Weather Risk

National Flood Insurance Program and private insurance losses are expected to range from $8B-$18B, according to CoreLogic.

The legislation will provide an extension for the National Flood Insurance Program through December 16, 2022.

S&P Global Ratings reported that the insurance industry should be able to manage insured losses.

Wednesday's order came amid widespread concerns about how the Category 4 Hurricane Ian will affect an already-troubled Florida insurance market.

Hurricanes produce strong, powerful winds, but it's actually the water that causes most of the destruction, accounting for nearly 90% of fatalities.

Widespread, life-threatening catastrophic flooding was anticipated Wednesday across portions of central Florida.