Houston-based HCC Insurance Holdings Inc. announced that the company has limited exposure to Hurricane Charley and did not expect its net loss after reinsurance to exceed more than $10 million, or approximately $0.10 per share after tax in the third quarter of 2004.
Stephen Way, chairman and CEO, said, “We do not appear to have a large number of claims as we do not write homeowners or automobiles. Most of our exposure would likely come from damage to small, privately owned aircraft written by our insurance company subsidiary, Avemco.”
Was this article valuable?
Here are more articles you may enjoy.
Florida’s Commercial Clearinghouse Plan Hits a Snag, With OIR and Board Concerns 
Another Crane, Then Another, Collapses Onto Home in Fort Lauderdale 
Florida’s Private Railroad, Brightline, Files for Bankruptcy 
Florida AG Sues Roofing Firm After Dozens of Complaints About Unfinished Work 
