State Farm notifies reinsurers of $1.03bn gross Ian loss
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • 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

State Farm notifies reinsurers of $1.03bn gross Ian loss

State farm logo hamilton bermuda.jpg

US personal lines giant State Farm has told its reinsurers that it expects claims from Hurricane Ian in Florida to total $1.03bn, excluding its auto book, this publication understands.

The Bloomington, Illinois-based company is seen as a bellwether for the overall size of the homeowners loss, with significant scepticism around disclosures by the Florida specifics, given their track record of loss creep after Hurricane Irma.

(Re)insurers

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article