Hurricane Milton could cost $60bn in insurance losses

Hurricane Milton poses a significant threat to Florida, with potential insurance losses of up to $60bn and warnings of life-threatening conditions. The storm is expected to make landfall as a major hurricane, leading to possible losses comparable to Hurricane Katrina. The impact of the hurricane on insurers’ profitability, fuel availability, and political responses are key concerns, as climate change is also cited as a factor in the storm’s intensity.

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