Shocking Price Tag Left By Hurricane Ian - Desantis is Not Happy!

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Read More: https://www.dailywire.com/news/top-ratings-agencies-reveal-the-staggering-amount-hurricane-ian-could-cost-florida

Description: Hurricane Ian could cost Florida up to $40 billion of insured losses, according to leading ratings agencies.
The storm system entered Florida on Wednesday, tearing through the western and central portions of the state at nearly the power of a Category 5 storm. With winds exceeding 150 miles per hour, Hurricane Ian regained speed on Friday before impacting South Carolina.
Fitch Ratings noted that insurance specialists in Florida have “suffered financial losses and diminished capital in recent years,” leaving them “vulnerable to large catastrophic events that generate losses in excess of reinsurance limits,” according to a statement. The company projects between $25 billion and $40 billion in insured losses — a figure that rivals the $36 billion of damage induced by Hurricane Ida last year and falls short of the $65 billion in losses caused by Hurricane Katrina in 2005.

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