Florida
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Milton made landfall south of Tampa Bay at Category 3 on Wednesday night. -
The cost to the NFIP is likely to be a “mid to high single-digit-billion impact”.
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The hurricane has destroyed hundreds of homes and left more than 2.7 million homes without power in Florida.
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Setting aside the storm’s greater potential insured loss scale, the flood risk implies greater exposure.
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The NHC storm track predicts landfall below Sarasota, south of Tampa Bay.
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The NHC is predicting storm surge, exacerbated by the tide, as high as 15ft for Tampa Bay.
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A hurricane warning has been issued for the east coast of Florida.
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Hurricane Milton strengthened from a tropical storm on Sunday to a Category 5 storm yesterday.
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Most sources noted expectations of a $50bn+ event, but the range of outcomes is huge.
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Milton is expected to move north of the Yucatan Peninsula today and cross the eastern Gulf of Mexico by Wednesday.
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