In this special emergency episode, we dive deep into the unfolding disaster of Hurricane Milton in Florida. Ben and Jerad analyse the potential industry-shifting impact on the reinsurance market, discussing catastrophe modelling, economic losses, and what this means for the future of Florida’s insurance landscape. A critical listen for practitioners.
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OUTLINE & TIMESTAMPS:
(00:00) Intro
(02:50) Hurricane Size, Trajectory, & Uncertainty
(04:33) Expected Losses
(07:42) Affected Insurance Value Chain
(12:44) Impact on Deals
(14:42) Florida Struggles for Coverage
(17:10) Claims Handling & the Retro Market
(24:30) Modelling
(27:55) Local Impact
(29:30) Florida Hurricane Catastrophe Fund
(33:10) Impact on Alternative Capital
(35:35) Climate Change
(39:12) Potential for Reneging on FoT
