Helene

Berkshire Hathaway pegs hurricane Milton loss at $1.3bn-$1.5bn, Helene at $565m – Go Health Pro

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Berkshire Hathaway pegs hurricane Milton loss at .3bn-.5bn, Helene at 5m – Go Health Pro

The insurance and reinsurance businesses of Warren Buffett’s Berkshire Hathaway suffered from hurricane losses in the third-quarter with Helene and are expecting up to $1.5 billion of additional losses from hurricane Milton in the fourth-quarter.Reporting its third-quarter 2024 results today, Berkshire Hathaway revealed a steep decrease in insurance underwriting income to $750 million for the … Read more

FHCF losses for Helene & Milton seen $1.6bn – $6.2bn, point estimate of $4.6bn – Go Health Pro

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FHCF losses for Helene & Milton seen .6bn – .2bn, point estimate of .6bn – Go Health Pro

According to the administrators of the Florida Hurricane Catastrophe Fund (FHCF), losses to the fund that provides a reinsurance-like reimbursement for a portion of residential property insurers’ hurricane losses from recent hurricanes Helene and Milton are expected to fall between $1.6 billion and as much as $6.2 billion.Paragon Strategic Solutions, the FHCF’s consulting actuary, puts … Read more

Re/insurance well-positioned to absorb $34bn – $50bn Helene and Milton losses: Aon – Go Health Pro

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Re/insurance well-positioned to absorb bn – bn Helene and Milton losses: Aon – Go Health Pro

According to Aon’s Reinsurance Solutions division, combined industry losses from hurricanes Helene and Milton are expected to fall within a range of $34 billion to $50 billion, at which level insurance and reinsurance sector capital is well-positioned to absorb them and the events underscored the value of integrating innovative solutions such as parametrics.“The short-term prospect … Read more

Triple-I Blog | Hurricane Helene Highlights InlandFlood Protection Gap – Go Health Pro

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Triple-I Blog | Hurricane Helene Highlights InlandFlood Protection Gap – Go Health Pro

By Lewis Nibbelin, Contributing Writer, Triple-I Spanning over 500 miles of the southeastern United States, Hurricane Helene’s path of destruction has drawn public attention to inland flood risk and the need for improved resilience planning and insurance purchase (“take up”) to confront the protection gap. Extreme rainfall and wind inflicted a combination of catastrophic flooding, … Read more

Helene ravaged the NC plant that makes 60% of the country’s IV fluid supply – Go Health Pro

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Helene ravaged the NC plant that makes 60% of the country’s IV fluid supply – Go Health Pro

Hurricane Helene’s catastrophic damage and flooding to the Southeastern states may affect the country’s medical supply chain. Hospitals nationwide are bracing for a possible shortage of essential intravenous fluids after the cataclysmic storm inundated a vital manufacturing plant in North Carolina. The plant is Baxter International’s North Cove manufacturing facility in Marion, which is about … Read more

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