The Hartford estimates Ida claims at ‘around $200mn’: CFO Costello
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

The Hartford estimates Ida claims at ‘around $200mn’: CFO Costello

James Thaler
September 13, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
The Hartford logo with hurricane Ida satellite.jpg

The Hartford CFO Beth Costello told investors on Monday that the company expects claims from Hurricane Ida to cost it around $200mn and that the event was unlikely to reach its catastrophe reinsurance program.

The executive was speaking at the Barclays investment conference and gave the first public preliminary estimate by a major commercial carrier.

“We're

Request a free trial:

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
Request a free trial Already a subscriber? Log in now

Topics

NewsThe Hartford
JT
James Thaler
Gift this article