Two American insurers heavily impacted by Hurricane Ian

Magazine Issue:

The insurance industry, a market under strain [3]

Magazine date:

Oct 2022

Florida-based Universal Insurance Holdings forecasts a loss of 1 billion USD due to Hurricane Ian, a part of which will be covered by its reinsurance program.

A second local insurer, United Insurance Holdings (UPC), also expects a hurricane related loss of 1 billion USD.

Risk Management Solutions (RMS) estimates that the disaster could cause losses of between 53 billion USD and 74 billion USD to the entire insurance market.

According to a report dated 11 October 2022, Ian, which hit the southeastern United States strongly at the end of September 2022, claimed the lives of 107 people, 102 of whom in Florida.

Thu, 13/10/2022 - 15:25

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-194-october-2022
[4] https://www.atlas-mag.net/en/category/pays/etats-unis/hurricane-ian-estimated-insured-losses-in-florida