Milton rapidly intensified to a Category 5 hurricane late Monday morning.
Within hours, Milton strengthened to a Category 2, then a Category 3, then a Category 4 and finally a Category 5.
Milton now ranks as the third-greatest 24-hour wind speed intensification for a hurricane in the Atlantic Basin. (Records are based on data since the satellite era began in the 1960s.)
Does that 85% include their costs or is that the full amount returned to policy holders?
Full amount that is legally required to pay back out in insurer coverage every year. The other 15% covers pay roll, rent, buildings, bonus’, overhead, etc. Literally everything else. Same deal for medical insurance.