In addition, storm-cost recovery has been contemplated in broader rate agreements approved for FPL and other companies. Storm costs are essentially a temporary add-on to customer bills.

While thousands of people in Florida are experiencing the impacts of Hurricane Milton, a woman in Georgia is still recovering from destruction caused by the previous weather disaster, which ...

Hurricane Milton's insured losses could cost between $30 billion and $50 billion, said analysts. Before the storm hit, analysts predicted damages of up to $100 billion. Total insured losses globally ...

Hurricane Milton could trigger global insurance losses of up to $100 billion (£76.5 billion), analysts warned on Wednesday. Named the “storm of the century”, the Category 4 storm could prove ...

Hurricane Milton's insured losses could cost between $30 billion and $50 billion, said analysts. Before the storm hit, analysts predicted damages of up to $100 billion. Total insured losses ...

GET IT ON G E T I T O N The Weather Authority is continuing to track Hurricane Milton, which as of the 2 a.m. update, has downgraded to a Category 1 strength. According to the National Hurricane ...

Hurricane Milton is estimated to cost $30 to $50 billion in insured losses, according to analytics from Fitch Ratings. To put this in context, Hurricane Ian from 2022 had a similar path in Florida ...

Damage from Hurricane Milton is expected to cost insurers almost $36 billion, according to an estimate from risk modeling firm Karen Clark & Co. The calculation covers privately insured losses ...