# IPC Holdings Increases Terror Loss Estimates to $95 Million 

_News_

Canonical: https://www.claimspages.com/news/i576/

Bermuda-based IPC Holdings, Ltd., which is controlled by American International Group, increased its estimated impact of losses from the attacks of September 11 from $75 million to $95 million, "based on updated communications from some of its clients."

The new estimates follow a review by the company with a number of its insureds that indicated that some, who had initially said they did no expect to have significant losses, had now been affected to a greater degree than anticipated, and others had increased their damage estimates.

IPC said it would continue to review its estimates from time to time as it receives more information.

Sources:
- Insurance Journal (http://www.insurancejournal.com/html/ijweb/breakingnews/international/in1001/in1015012.htm)