BMO warns of potential $75bn+ in insured losses if Milton strikes Tampa as a major hurricane

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Reinsurance News - Oct 08, 2024

A new report from BMO Capital Markets discussing Hurricane Milton’s potential impact has noted that a direct hit on Tampa at a Category 3-5 level could result in insured losses exceeding $75 billion. For those unaware, Milton is currently a powerful category 4 hurricane, with maximum sustained...

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