Citizens narrows total loss guidance to $2.3bn-$2.6bn for Ian, excluding litigation
Citizens has revised its total loss estimate from Hurricane Ian to $2.3bn-$2.6bn from last week’s $1.9bn-$3.7bn, according to CEO Barry Gilway.
The loss estimate does not include litigation or claims below the deductible.
The insurer of last resort affirmed that it still expects around 225,000 claims.
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