US insurers to pay £3.7bn for Charley damage says ISO
U.S. property casualty insurers are expected to pay homeowners and businesses an estimated $6.8 billion (£3.7bn) for insured property losses from Hurricane Charley, according to preliminary estimates by Insurance Services Office's Property Claim Services unit.
Hurricane Charley, a category 4 hurricane, smashed through southwest and central Florida on August 13, leaving a swath of destruction in its wake with winds reaching up to 145 miles an hour. InsuredOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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