Hurricane Milton To Push 2024 Insured Losses Beyond $100 Billion: Fitch

Hurricane Milton will push the total insured losses this year to more than $100 billion, marking the fifth consecutive year that insured losses have surpassed this threshold. (Credit: AFP)

Fitch Ratings revealed that Hurricane Milton will push the total insured losses this year to more than $100 billion, marking the fifth consecutive year that insured losses have surpassed this threshold.

Hurricane Milton made landfall in Florida as a Category 3 hurricane. It then traveled across central Florida, before moving off the east coast as a Category 1 storm.