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UPC Insurance ups Q3 nat cat loss estimate to $37mn

October 25, 2021

Property and casualty insurance holding company UPC has announced estimated pre-tax catastrophe losses incurred for the third quarter of 2021 of approximately $37 million; roughly $29 million after tax.

This compares to the original third-quarter 2021 pre-tax catastrophe loss estimate of $27 million ($21 million after-tax).

The company’s estimated net cat losses include the previously-announced $27 million plus an additional $10 million for claims from new events including Hurricane Nicholas and re-estimation of other PCS events incurred during 2021.

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