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.
Vehicle Complexity Complicates Auto Valuation, Says JD Power 
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Data Centers Offer a Potential $10 Billion Windfall for Insurers 
