KCC Ian loss estimate includes $13bn litigation loading
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KCC Ian loss estimate includes $13bn litigation loading

Karen Clark Co Storm KCC.jpg

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...

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