Subject: Re: Hurricane Idalia and FL reinsurance
I agree on separating the outcome from the decision making - we don't know the attachment points or rates or anything about the policies Ajit wrote. We was very transparent about the stakes for this season and explained the unbalanced situation well so all shareholders could understand. Prices sounded very healthy.

This hurricane Idalia seems to have been much less severe than feared. Hit a less developed area, could have been a strengthening Cat 4 when it hit but appeared to undergo an eyewall replacement cycle (ERC) just before landfall, delaying further strengthening. They are saying it was Cat 3 at landfall but I thought it was a Cat 4 just offshore. So far this morning, every bit of video I have seen out of the storm chasers shows little damage. I'm sure there is surge flooding on the barrier islands and some coastal areas but from what I am seeing so far this is not a major disaster. On to the next. The Atlantic hurricane season is just getting started. Lets hope this one doesn't re-emerge back into the Atlantic and get its act together again and hit the Northeast population centers.

As my username suggests, I have some experience with hurricanes, FWIW.