Bermuda-based insurer ACE Limited said that it estimates losses from Hurricane Wilma will cost $250 million net of taxes and reinsurance premiums.
The $250 million Wilma loss is on top of estimated losses of over $742 million from Hurricanes Katrina, Rita and Dennis that ACE reported in its third-quarter financial report.
Rita, with winds exceeding 131 miles an hour, was the last major hurricane in what has turned out to be a record season with 26 named storms.
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