KCC Ian loss estimate includes $13bn litigation loading

October 17, 2022

X
LinkedIn
Show more sharing options

Modelling firm Karen Clark & Company (KCC) has included a $13bn allowance within its $63bn Hurricane Ian loss estimate to account for high anticipated litigation against insurers in the state – amplifying the loss by more than one-quarter, the firm told this publication.

The litigation loading on its residential component of the loss is as high as 1.5x to the “out of the box” modelled estimate for the storm, reflecting the fact most lawsuits are expected to stem from homeowners who lack...

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

Gain a competitive edge and accelerate decision-making
Be empowered by insights that transform confusion to clarity
Uncover growth opportunities and prepare for potential threats
Fuel a smarter strategy for business growth

Request a free trial Already a subscriber? Log in now

KCC Ian loss estimate includes $13bn litigation loading

Modelling firm Karen Clark & Company (KCC) has included a $13bn allowance within its $63bn Hurricane Ian loss estimate to account for high anticipated litigation against insurers in the state – amplifying the loss by more than one-quarter, the firm told this publication.

Log in to continue

Fuel a smarter strategy with our actionable market intelligence

Topics