HCI revises Ian loss estimate down 15% to $825mn: CFO Harmsworth
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HCI revises Ian loss estimate down 15% to $825mn: CFO Harmsworth

HCI Group logo Tampa Florida.jpg

HCI CFO James Harmsworth said the carrier has adjusted its ultimate Hurricane Ian loss down by roughly 15% to $825mn after evaluating the claim development.

On the firm’s Q4 earnings call, the executive added: “We're getting more comfortable that the impact of the storm is significantly less than expected.

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