LONDON, Oct 11 (Reuters) - Insured losses for Hurricane

Milton are likely to range between $30 billion and $60 billion,

Morningstar DBRS analyst Marcos Alvarez said on Friday, below

the credit ratings agency's highest estimates before the

hurricane hit.

Hurricane Milton cut a destructive path across Florida this

week, but the Tampa Bay area appeared to sidestep the storm

surge.

Morningstar DBRS had estimated insured losses could reach

$100 billion earlier this week.

"The worst-case scenario of a direct hit to Tampa didn't

materialise," Alvarez, managing director in Morningstar DBRS'

global financial institution ratings division, told Reuters by

email.

Alvarez added that a $30-60 billion insured loss "should be

manageable for the insurance industry, except for some local

Florida carriers that could have material exposure to this

market".

The hurricane threatens to swamp Florida's troubled property

insurance market, potentially pushing prices higher and

threatening coverage in a storm-prone region that already has

the highest insurance costs in the United States.

Ratings agency Fitch said on Thursday that insured losses

for Hurricane Milton were likely to be in the $30-50 billion

range, the largest insured loss since Hurricane Ian in 2022.

Insurance broker Aon on Friday also put insured

losses for Milton at "tens of billions of dollars".

(Reporting by Carolyn Cohn; Editing by Jan Harvey and Mark

Potter

)