Moody’s Analytics believes Hurricane Milton is among the costliest hurricanes to strike the U.S., with estimated insurance losses between $30 billion and $50 billion.
Morningstar DBRS analysts believe that number is in the “upper half” of its initial $30 billion to $60 billion forecast. The global credit ratings agency predicts Milton will cost the National Flood Insurance Program (NFIP) $10 billion.
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