Hurricane Milton: 20 to 60 billion USD in insured losses

Icosa Investments, a Swiss-based company specializing in investment strategies, estimates the cost of insured damage to be between 20 and 60 billion USD. These figures are subject to further revision, given the significant margin of uncertainty.

For its part, broker Gallagher Re puts the cost of insured losses for private insurers between 30 and 40 billion USD.

BMS Group, an insurance and reinsurance broker, points out that the 2024 hurricane season has already been particularly active, with five hurricanes affecting US coasts and generating 16 billion USD in insured damage.