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Privately insured wind and storm surge losses from Hurricane Nicole are anticipated to range from $1.2B-$1.8B.

The agency estimates flood-related payouts from the late September Category 4 hurricane to be as much as $5.3 billion.

Many insurance companies have paused insuring in Florida until they have a better handle on their losses from the hurricane, says Joseph Gendelman, president and CEO of Bruce Gendelman Insurance Services.

Remembering Hurricane Sandy: How much worse would a storm like it be in the future?

The legislation will provide an extension for the National Flood Insurance Program through December 16, 2022.

S&P Global Ratings reported that the insurance industry should be able to manage insured losses.

AM Best anticipates carriers will be able to manage losses in Puerto Rico and the Dominican Republic stemming from Fiona.

Private flood insurance and cannabis-coverage are also priority topics for the association's legislative committee.