Citizens’ loss estimate surges over $1bn to $3.8bn based on second model
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Citizens’ loss estimate surges over $1bn to $3.8bn based on second model

Samuel Casey
15 November 2022
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
Citizens logo palm trees storm.jpg

Florida Citizens has upped its loss estimate from Hurricane Ian by more than $1bn to $3.8bn, factoring in additional provisions for litigation and inflation, as well as claims activity to date.

The disclosure marks a stark increase from the original loss pick of $2.3bn-$2.6bn, which was based on the results of a single hurricane model.

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Claims and losses
sam casey/sam casey ii red.png
Samuel Casey
Senior Reporter
Contact
Gift this article