Broker pre-landfall loss forecasts ranged from 15bn to 40bn

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Reinsurance News - Oct 10, 2024

In their pre-landfall loss forecasts for Hurricane Milton, Steve Bowen, Chief Science Officer at reinsurance broker Gallagher Re, said private insurance market losses ranging from $30 billion to $40 billion could be expected, while BMS Group’s Senior Meteorologist Andrew Siffert noted that a $15 bil...

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