TALLAHASSEE – The point out-backed Citizens House Insurance coverage Corp. on Wednesday approximated it will have $2.3 billion to $2.6 billion in losses from Hurricane Ian.
As of Wednesday morning, about 34,000 Citizens statements had been filed, but the insurance provider anticipates much more than 225,000 claims, in accordance to an e mail from Citizens spokesman Michael Peltier.
The Group 4 hurricane built landfall past week in Lee and Charlotte counties before going across the state.
Citizens, which was established as an insurer of last vacation resort, has viewed its range of insurance policies additional than double for the duration of the previous two many years amid economical troubles in the personal coverage marketplace.
As of Friday, Citizens experienced 1,071,850 policies.
