Losses from Hurricane Ian could top $1 billion for local insurer

Huge losses for insurance companies likely to put even more pressure on state run Citizens Property Insurance Corp.

  • By Louis Llovio
  • | 7:01 a.m. October 13, 2022
  • | 0 Free Articles Remaining!
Losses from Hurricane could top $1 billion for local insurer. (Reagan Rule)
Losses from Hurricane could top $1 billion for local insurer. (Reagan Rule)
  • Tampa Bay-Lakeland
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UPC Insurance estimates $1 billion in losses due to Hurricane Ian.

The St. Petersburg insurer made the announcement in a short statement saying it has already received 19,000 claims from the storm and expects to receive 27,000 to 30,000 claims in all.

 

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