$100 Million In Hurricanes Losses: Vesta Group
NU Online News Service, Oct. 7, 3:46 p.m. EDT?Vesta Insurance Group reported that its loss exposure for the four hurricanes that struck Florida could exceed $100 million.{@@]
Birmingham, Ala.-based Vesta said it estimates that its losses for the four storms run between $75 million and $105 million before reinsurance recoverables. The company said it has based its estimates on catastrophe simulation models and initial loss reports.
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