Citizens narrows total loss guidance to $2.3bn-$2.6bn for Ian, excluding litigation
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Citizens narrows total loss guidance to $2.3bn-$2.6bn for Ian, excluding litigation

Farhin Lilywala
05 October 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Citizens logo Tallahassee Florida.jpg

Citizens has revised its total loss estimate from Hurricane Ian to $2.3bn-$2.6bn from last week’s $1.9bn-$3.7bn, according to CEO Barry Gilway.

The loss estimate does not include litigation or claims below the deductible.

The insurer of last resort affirmed that it still expects around 225,000 claims.

Request a free trial:

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
Request a free trial Already a subscriber? Login now

Topics

NewsFloridaClaims and losses
farhin lilywala/farhin lilywala ii ils.png
Farhin Lilywala
Section Editor, Distribution & Specialty
Contact
Gift this article