While APCIA president and CEO David A. Sampson acknowledged the destruction of Hurricane Helene, Hurricane Milton’s impending arrival on Florida’s west coast, and the insurance industry crisis, he emphasized that insurance’s societal role remained a source of “stability, safety, and protection” for American families, businesses, and communities.

The financial impact of Hurricane Helene continues to rise, with estimated insured losses in Florida reaching $1.3 billion as of Wednesday. This figure, reported by the state Office of Insurance Regulation,

The Hermitage Artist Retreat in Englewood, Florida, experienced huge storm surges due to Hurricane Milton, with repairs and damage estimated at "upwards of $1 million" as well as the cancelation of residencies and other programs for several weeks.