Heritage expects $40mn net losses from Hurricane Ian
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Heritage expects $40mn net losses from Hurricane Ian

Heritage Insurance logo storm surge.jpg

Heritage has estimated that its net losses from Hurricane Ian will be $40mn, including reinstatement premiums and participation by Osprey Re, the company's captive reinsurer.

So far, Heritage has received nearly 12,000 claims associated with the storm.

The company did not disclose its gross losses but expects them to fall within the second layer of its reinsurance tower, which begins at $140mn and exhausts at...

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