Ohio-based ProCentury Corporation, a specialty property and casualty insurance holding company, announced it expects to have limited losses attributable to Hurricane Charley. Based on estimates generated from catastrophe models, the Company believes pre-tax losses from the Hurricane will not exceed $300,000.
Chris Timm, President of Century Insurance Group commented, “It is our practice not to write wind coverage in Florida or within two counties of the Gulf of Mexico and the eastern seaboard states. Therefore, we expect limited exposure to the damage related to Hurricane Charley.”
Was this article valuable?
Here are more articles you may enjoy.
High-Net-Worth Risk Appetite Drops as Some Regions Show Stabilization 
Disney Worker Injured Trying to Stop Runaway Boulder at Indiana Jones Show 
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says 
Freight Broker Says $400K in Lobster Meat Stolen in Fictitious Pickup 
