The disclosure marks a stark increase from the original loss pick of $2.3bn-$2.6bn, which was based on the results of a single hurricane model.
Citizens’ Ian loss estimate surges over $1bn to $3.8bn based on second model
![Citizens logo palm trees storm.jpg](https://assets.euromoneydigital.com/dims4/default/aaf009c/2147483647/strip/true/crop/700x410+0+0/resize/840x492!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fea%2F1b%2Fb12c52c04688a4aaa1644c25fb23%2Fcitizens-logo-palm-trees-storm.jpg)
The disclosure marks a stark increase from the original loss pick of $2.3bn-$2.6bn, which was based on the results of a single hurricane model.