United Insurance Holdings hikes Ian losses by $500mn to $1.54bn
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United Insurance Holdings hikes Ian losses by $500mn to $1.54bn

Fiona Robertson
13 February 2023
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United Insurance Holdings significantly increased its gross losses from Hurricane Ian to $1.54bn from a preliminary estimate of $1bn, as it said it had fully exhausted its personal lines reinsurance cover on the event, rendering its personal lines carrier insolvent.

The Floridian previously said it had only around $72mn of reinsurance left on its personal lines treaty, although it had more extensive commercial coverage remaining.

However,

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Topics

Catastrophe lossesClaims and lossesUPC Insurance News
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Fiona Robertson
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