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0 -0.000126087504728346 -0.00113478754255458 -0.00100870003782623 -0.000126087504728346 0.00113478754255458 0.00113478754255458 0.00113478754255458
Stock impact report

Hurricane Milton puts $30B of Florida muni debt at risk - report [Seeking Alpha]

Omega Healthcare Investors, Inc. (OHI) 
Last omega healthcare investors, inc. earnings: 2/5 04:20 pm Check Earnings Report
US:NYSE Investor Relations: omegahealthcare.com
Company Research Source: Seeking Alpha
Expected to make landfall in Florida late Wednesday or early Thursday, Hurricane Milton could possibly be the most disastrous hurricane on record, in terms of dollars. It's expected to surpass Hurricane Katrina in terms of insured losses. Katrina back in 2005 incurred a loss of $65B, or just over $100B in 2023 dollars. And that comes nearly two weeks after Hurricane Helene caused fatal flooding in North Carolina, underscoring the increased frequency of modern-day storms. The consecutive events have compelled muni investors to reassess the risks of buying bonds in storm-prone regions, despite the infrequency of local government bond defaults. Missed payments due to extreme weather, in particular, are very rare, Bloomberg noted. In Florida, the healthcare and senior living sectors have the most outstanding muni debt at risk for Hurricane Milton, at $9.9B, followed by appropriation and tax-backed debt ($5.6B), education and cultural institutions ($4.7B), utilities ($4.0B), airport Show less Read more
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