The PayPal turnaround is one year in.

You're listening to Motley Fool Money.

I'm Ricky Mulvey joined today by Matt Frankel.

Matt, how you doing?

Great, good to be here.

It's been a little while.

It has been a minute, but we're glad to have you back.

First story is hurricanes, thinking of everyone in the path of

Hurricane Milton right now. The category four storm is expected to turn category five

when it makes landfall in Florida.

For the purposes of this conversation,

though, we're going to focus on the business side.

And the question of who pays after the storm,

something that I'm sure a lot of Floridians are thinking about right now.

A lot of large insurers, including Allstate Progressive, AIG, they've taken a small dip, as the storm has grown

stronger. One small insurer with a lot of Gulf Coast exposure, it's

called Universal Insurance. That's fallen 20%. That's the setup. Are these large insurance

companies, Matt, in a decent position to handle the aftermath of Helene and Milton?

I mean, the short answer is yes, but insurance companies, you know, their losses are kind of lumpy over time and for reasons like this early

estimates if Milton stays on the current track are for about a hundred and seventy five

billion dollars in damages to put put that in perspective, Hurricane Katrina, the total damage was about 160.

So this has the potential to be a very costly storm just because it goes through two major

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