Reported about 12 hours ago
Hurricane Milton has caused extensive damage in southwest Florida, potentially resulting in up to $100 billion in losses, as estimated by analysts. Trevor Baldwin, CEO of The Baldwin Group, emphasizes the significant protection gap in typical homeowner's insurance policies concerning flood damage, which is often not covered unless homeowners have separate flood insurance. He predicts that insured losses could range between $40-$50 billion, but also notes that a substantial amount of flood damage, estimated at $20-$30 billion, may remain uninsured.
Source: YAHOO