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Florida concentrated property insurers are expected to face capital struggles. -
The NHC storm track predicts landfall below Sarasota, south of Tampa Bay.
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It also reported that severity increased by 17% in the same period.
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The estimate applies to a landfall south of Tampa Bay.
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The government-backed scheme has greater take-up in areas in Milton’s path.
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Geopolitical conflict could expose the global economy to $14.5tn in losses.
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Restrengthening to Category 5 is still possible, Siffert warns.
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Prior forecasts indicated a more northward track towards Tampa Bay and St Petersburg.
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The storm is now predicted to make landfall 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.
