Milton claims count ‘half to two-thirds' size of Ian: HCI
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Milton claims count ‘half to two-thirds' size of Ian: HCI

The Florida carrier reported a 103.5% combined ratio in Q3.

By Clark Mindock
November 08, 2024
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Sarasota, Florida, USA. 10th October, 2024. Residents survey damage to their neighborhood following Hurricane Milton. Credit: david childers/Alamy Live News
Alamy Stock Photo

HCI CEO Paresh Patel has told analysts that claims notifications in the weeks following Hurricane Milton leads the firm to believe its claim count from the storm will be one-half to two-thirds the size of 2022’s Hurricane Ian.

He

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Topics

Catastrophe lossesNewsInsurersHCI GroupProperty treaty
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