Hurricane Idalia, which struck Florida last week, is expected to have done up to $20 billion of damage. Most of that $20 billion will come out of the pocket of insurance companies.
And, less than ten days before Hurricane Hilary forced California to declare a state of emergency in mid-August, the National Hurricane Center upped its forecast for the 2023 hurricane season from “near normal” to “above normal”. We’re currently smack in the middle of the annual hurricane season, which runs from June 1st to November 30th.
