Florida losses from Hurricane Idalia are unlikely to match hurricane Ian's

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<title>Florida losses from Hurricane Idalia are unlikely to match hurricane Ian's</title>
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<namePart>A.M. Best Company</namePart>
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<dateIssued>2023</dateIssued>
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<abstract displayLabel="Summary">Hurricane Idalia will most likely be an earnings event for the insurance industry. Given hardening reinsurance rates and increased retentions, the effect on reinsurers will be minimal. In addition to above average cat losses for the first half of the year from severe convective storms and secondary perils, we expect underwriting results for 2023 to remain under pressure</abstract>
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