Florida is facing a significant hurricane threat this week, as tropical storm Idalia is forecast to become hurricane Idalia later today, before then heading over extremely warm Gulf waters towards Florida’s coast where the NHC forecast it could be near or at major intensity by landfall.
For the insurance and reinsurance industry, hurricane Idalia’s forecast landfall in Florida could be a decisive blow, if the industry loss proves relatively significant, with ramifications for carriers and the hard market being sustained.
