Wall Street analysts predicted the storm could cause anywhere from $50 billion to $175 billion in insured losses, Barron’s reported.

On Wednesday, the ratings agency AM Best wrote that Milton “poses a significant threat to the Florida property insurance market,” in part because furniture and other debris left outside following Hurricane Helene two weeks ago could become destructive airborne projectiles. That threat largely hasn’t materialized in Tampa Bay so far.

The problems in the Florida homeowner’s insurance sector are well known. For a stretch of several years earlier this century, the state had avoided any major direct hurricane hits. But its luck has shifted and because of climate change,