KCC Ian loss estimate includes $13bn litigation loading
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

KCC Ian loss estimate includes $13bn litigation loading

Fiona Robertson
October 17, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
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...

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? Login now

Topics

News
fiona robertson/fiona robertson ii us.png
Fiona Robertson
Editor, Insurance Insider
Contact
Gift this article