Security First FLOIR Ian gross estimate of $300mn wouldn’t exhaust first private cat layer

Published: Wed 19 Oct 2022

The $300mn gross loss estimate for Hurricane Ian filed by Security First with the Florida Office of Insurance Regulation (FLOIR) late last week would not go through the first private reinsurance layer of its cat program, while claims are coming into the carrier at a slower rate than expected, The Insurer understands.