In 2022, Ian caused about $60 billion of insured losses. Milton may result in $60 billion to $75 billion of damages and losses, with some models showing the total reach as much as $150 billion, Chuck Watson, a disaster modeler at Enki Research, said in an X post.<\/p>\n\n\n\n
Cat-bond investors may also take a hit from the inland flooding caused by Hurricane Helene. Moody\u2019s RMS<\/a> estimates that US private-market insured losses from Helene will be $8 billion to $14 billion.<\/p>\n\n\n\n \u201cHelene was a one-in-a-thousand year rainfall event,\u201d said\u00a0Jonathan Schneyer<\/a>, director of catastrophe response at\u00a0CoreLogic Inc.<\/a>, a catastrophe-modeling firm in Irvine, California. \u201cIt shows the power of a hurricane further inland.\u201d<\/p>\n\n\n\n Read it all<\/a>.<\/p><\/p> Catastrophe bond investors made big profits in 2023 and narrowly dodged a payout for Hurricane Beryl. Milton will likely end that streak. The storm \u201ccould lead to one of the biggest reinsurance loss events in history\u201d https:\/\/t.co\/bZyBgbkjTc<\/a><\/p>— Amanda Kolson Hurley (@amandakhurley) October 9, 2024<\/a><\/blockquote>