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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS SUBSEQUENT EVENTS
In October 2024, Hurricane Milton made landfall on the west coast of Florida. The Company's preliminary pre-tax net loss estimate for this event is in the range of $50 million to $100 million. The impact of this event will be recognized by the Company in the three months ended December 31, 2024.
The Company's loss estimate is based on a top down estimate using various methods and data including industry insured loss estimates, market share analyses and catastrophe modeling analyses, where appropriate.
Due to the nature of this event, including the complexity of loss assessment, factors contributing to the losses and the preliminary nature of the information available to prepare this estimate, actual net losses for this event may be materially different from the Company’s current estimate.