UPC projects $1bn in Ian losses, $16mn in reinstatement premiums
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

UPC projects $1bn in Ian losses, $16mn in reinstatement premiums

Farhin Lilywala
12 October 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
upc-insurance-logo-pic.jpg

United Insurance Holdings (UPC Insurance) has estimated that it will incur a gross loss of $1bn from Hurricane Ian and $16mn of reinstatement premiums.

The insurer has received roughly 19,000 claims to date and estimates it will receive 27,000 to 30,000 claims.

For the third quarter ended September 30, UPC expects Ian cat losses of roughly $36.4mn

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

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