$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.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.