FedNat and HCI loss picks point to $6bn loss

Projections from provisional gross loss estimates from listed
Floridian insurers Federated National and Homeowners Choice (HCI)
point to a $6.1bn privately insured homeowners' loss from
Hurricane Irma in the state, analysis from The
Insurance Insider shows.
The losses will be heavily reinsured, with FedNat set to retain
6 percent of its loss gross of reinstatement premiums, and HCI 8
percent - or 25 percent if its captive is included. These figures
imply that upwards of 90 percent of the private