HCI Group will take $65mn retained loss from Ian
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
  • Free trial
  • Log in

HCI Group will take $65mn retained loss from Ian

Liz Bury
10 October 2022
  • X
  • LinkedIn
  • Show more sharing options
  • X
  • LinkedIn
HCI Group logo Tampa FL with Patel.jpg

HCI Group has estimated its retained losses at $65mn from Hurricane Ian, as chairman and CEO Paresh Patel suggested that at an industry level the losses will not be enough to exhaust the $17bn limit offered by the state reinsurance scheme.

HCI took a gross loss from Irma of $540mn, out of a total industry loss of $20.7bn.

Patel did not provide a gross loss estimate for Ian but emphasized that several key factors are aiding recovery from the storm.

Patel

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 HCI Group Stocks Hurricane
Headshot template (new) (1).png
Liz Bury
Editor
Contact
Gift this article