| Abstrakt: |
Hurricanes Helene and Milton have caused significant damage to vehicles in hurricane-prone areas, leading to a potential increase in car insurance rates. The storms have resulted in tens of thousands of flooded, battered, or burned vehicles, with Florida alone reporting over 80,000 auto-insurance claims. While the hurricanes may not have a major impact on auto-premium increases nationwide, insurers are expected to focus on rebuilding profitability, potentially leading to higher prices for car owners in affected regions. Insured auto losses from Helene and Milton are estimated to be between $3 billion to $5 billion, with inland flooding and storm surge being the main causes of these losses. [Extracted from the article] |
