Milton may deplete P&C insurers’ cat budgets, but stay within reinsurers’: S&P
Reinsurance News - Oct 10, 2024
Given that many primary P&C insurers are already near their 2024 catastrophe budgets due to H1 losses, S&P believes Hurricane Milton, along with other weather-related losses, could fully exhaust these budgets. However, reinsurers may still have room in their catastrophe budgets to absorb the...
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