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Florida-only insurers face outsized risk after Hurricane Isaias
Moody’s Analytics preliminarily estimated Isaias lost output at $1 billion to $2 billion, a smaller economic toll than recent major Florida storms.
Hurricane Isaias made landfall near Destin, Florida on October 9 as a Category 2 storm, bringing damaging winds, storm surge, and flash flooding to the Florida Panhandle and southern Alabama, according to an analysis cited by Insurance Business.
Moody’s Analytics estimated preliminary lost output from Isaias at between $1 billion and $2 billion, which it said was well below the impact of Florida storms such as Milton in 2024 and Michael in 2018.
Insurance Business noted that the more consequential issue for the market is how insured losses are distributed across carriers and which companies absorb them. Moody’s Ratings identified Florida-only insurers as the most exposed segment.
Moody’s Ratings defines Florida-only homeowners and commercial property insurers as those with at least 70% of premiums in Florida, and said the top 10 such homeowners writers collectively generated $8.7 billion in direct premiums in 2025.