TITLE

Florida's Hurricane Insurers' Ratings Weather the Storms

AUTHOR(S)
Sigo, Shelly
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/26/2004, Vol. 350 Issue 31997, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that despite insured losses that could reach $5 billion in Florida from four hurricanes that hit in August and September, debt ratings for the state's insurance and reinsurance programs are not expected to suffer. Total insured losses from hurricanes Charley and Jeanne are expected to reach $7.1 billion and $8 billion, respectively. Citizens' losses were nearly $1 billion from Hurricane Charley, which struck August 13, $290 million from Hurricane Frances, which came ashore September 5, $232 million from Hurricane Ivan, which hit on September 16, and $332 million from Hurricane Jeanne, which hit ten days later.
ACCESSION #
14849114

 

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