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Daily Digest: Top news from 9 October
A roundup of all the news you need today, including Hurricane Milton’s shifting track.
Insurance Insider
,
09 October 2024
Re/insurers
Milton insured losses at least $25bn in best-case scenario: BMS’ Siffert
Restrengthening to Category 5 is still possible, Siffert warns.
Rachel Dalton
,
09 October 2024
Claims and losses
Verisk pegs Helene at $6bn-$11bn in latest loss estimate
Earlier this week, Moody’s RMS Event Response estimated the event would cost $8bn-$14bn.
Samuel Casey
,
09 October 2024
Catastrophe losses
Southern shift of Milton puts Sarasota in track of storm
Prior forecasts indicated a more northward track towards Tampa Bay and St Petersburg.
Samuel Casey
,
09 October 2024
London market
Could trade credit be an untapped growth niche for Lloyd’s?
Increased interest follows ratings agency upgrades of Lloyd’s paper.
Abbie Day
,
09 October 2024
Catastrophe losses
Hurricane Milton restrengthens to Category 5: NHC
The storm is now predicted to make landfall south of Tampa Bay.
Caroline Ryan
,
08 October 2024
Catastrophe losses
NHC extends storm surge southward to Port Canaveral
The NHC is predicting storm surge, exacerbated by the tide, as high as 15ft for Tampa Bay.
Ayesha Venkataraman
,
08 October 2024
London market
LMG launches Talent Hub to tackle under-recruitment of young staff
The hub aims to be a single point of assessment and access to the market.
Stephanie Denton
,
08 October 2024
London market
Volante puts London D&O book under review after rating tailspin in class
The D&O class has experienced huge rating volatility over the past four years.
Samuel Casey
,
08 October 2024
Claims and losses
Milton track shifting northward towards Tampa: NHC update
A hurricane warning has been issued for the east coast of Florida.
Ayesha Venkataraman
,
08 October 2024
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